The Bank of Korea has reported a marginal decline in the country’s M2 money supply for July 2024, the latest data released on September 13 reveals. After maintaining a 5.50% indicator in June, the M2 money supply has decreased, settling at 5.20% by the end of July 2024.The M2 money supply, which encompasses cash, checking deposits, savings deposits, money market securities, and other time deposits, is a critical measure of an economy’s money stock. South Korea’s central bank closely monitors these figures as they can indicate broader financial trends and potential economic growth patterns.The 0.30% decline from June to July, while modest, signals slight tightening in the country’s monetary environment. Analysts will be observing this trend to gauge its impacts on inflation, investment, and economic stability in the coming months.The material has been provided by InstaForex Company – www.instaforex.com
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