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Korean households' M2 money supply falls for the first time in over five years

2018-10-17 3 Dailymotion

부동산 열풍에 가계 보유 통화량 5년여 만에 감소<br /><br />The amount of cash and deposits held by households fell in August for the first time in more than five years.<br />The Bank of Korea says households' M2 money supply -- that is, liquid money including cash and deposits with a maturity of less than two years -- dropped by 4-hundred-44 million U.S. dollars on-month in August, marking the first decline since February 2013.<br />The BOK attributed the dip to a rise in households buying new houses in recent months. <br />But thanks to more liquidity among corporations and financial institutions, Korea's total M2 supply increased in August by six tenths of a percent on-month and six-point-seven percent on-year, totalling about two-point-three trillion dollars. <br />

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