South Korea Money Supply Growth Eases Further
South Korea's money supply growth slowed for the third straight month in December, preliminary figures from the Bank of Korea showed Monday. M2, a broad measure of money supply, rose 7.5 percent year-over-year in December, slower than the 7.7 percent spike in the previous month. On a monthly basis, M2 money supply dropped slightly by 0.1 percent at the end of the year, reversing a 0.4 percent increase in November. At the same time, annual growth in liquidity quickened to 8.3 percent in December from 7.8 percent in the preceding month. Liquidity of financial institutions grew at a slower pace of 8.9 percent yearly in December, following a 9.2 percent hike a month earlier.
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