Money supply continues to rise in Aug. on short-term deposits
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Korea's money supply continued to rise in August from a month earlier, driven by increases in short-term deposits and money trusts, central bank data showed Thursday. The country's M2, a key gauge of the money supply, stood at an average of 4,266.8 trillion won ($3.18 trillion) in August, up 0.9 percent, or 39.1 trillion won, from a month earlier, according to preliminary data from the Bank of Korea (BOK). The figure has risen steadily since November. M2 is a measure of the money supply that inc
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