August Call Volume Increased by 50.5 Trillion Won... Impact of Housing Fund Demand

Increase Rate Approaching All-Time High Level

[Asia Economy Reporter Jang Sehee] As demand for housing funds increases, the growth rate of the money supply in August approached the highest level ever recorded.

According to the Bank of Korea's 'Money and Liquidity' statistics on the 13th, the average broad money supply (M2 basis) in August was 3,494.4 trillion won, an increase of 50.5 trillion won (1.5%) from July's 3,443.9 trillion won.

This figure is slightly less than the 50.6 trillion won increase recorded in April, the largest increase since the statistics were compiled in 2002.

By economic agent, other financial institutions such as securities firms showed the largest increase of 18.2 trillion won, followed by corporations with 16.9 trillion won, and households and non-profit organizations with 11.3 trillion won.

A Bank of Korea official explained that the increase in money supply among other financial institutions was due to "a significant rise in subscription funds flowing into large and small public offerings, which expanded the scale."

In the case of households, demand for housing funds continues to show an upward trend, and corporations also maintain a situation where they want to attract funds, contributing to the increase in the money supply.

Among financial products, increases were centered on money trusts under two years (+9.2 trillion won), demand deposits (+8.4 trillion won), and current accounts (+8.1 trillion won).

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