Continued Increase in Money Supply... Money Supply Increased by 39 Trillion in March

Bank of Korea to Release 'Monetary and Liquidity' Data on 13th

On the 24th, about a week before Chuseok, cash transport officials are carrying out the release of Chuseok funds to be supplied to commercial banks at the Bank of Korea's Issuance Department in Gangnam-gu, Seoul. / Photo by Joint Press Corps

[Asia Economy Reporter Jang Sehee] Amid the continuation of the low-interest rate trend, the money supply in the market continued to increase.

According to the 'Money and Liquidity' statistics released by the Bank of Korea on the 13th, the broad money supply (M2 basis) in March reached 3,313.1 trillion won, an increase of 3.87 trillion won (1.2%) compared to February.

Broad money supply (M2) is a broad monetary indicator that includes narrow money (M1), such as cash currency, demand deposits that can be converted into cash at any time, and savings deposits with frequent withdrawals and deposits, as well as financial products such as money market funds (MMF), time deposits under two years, and beneficiary certificates.

By sector, corporations increased by 5.7 trillion won, households and non-profit organizations by 6.4 trillion won, and other financial institutions by 18 trillion won.

Among financial products, demand deposits (1.28 trillion won), savings deposits with frequent withdrawals and deposits (900 billion won), and money trusts under two years (680 billion won) increased.

The Bank of Korea stated, "The increase in household loans, centered on mortgage loans, continued, and a large amount of subscription funds for public offering stocks flowed in due to the listing of SK Bioscience, leading to an increase in the money supply in the market."

This content was produced with the assistance of AI translation services.