search-icon-img
search-icon-img
Advertisement

S.Korea April L-money supply growth edges up from March

  • fb
  • twitter
  • whatsapp
  • whatsapp
SEOUL, June 12: �Annual growth in South Korea's broadest measure of money supply picked up in April from a 21-month low seen in March but was still relatively low with the economy slow to gain traction, central bank data showed on Wednesday.The L-money supply measure - which includes all cash, all types of deposits at financial institutions and all money market instruments issued - rose 7.6 percent in April from a year earlier, the Bank of Korea data showed.The money supply measure grew 7.1 percent in March, the slowest growth since mid-2011.Meanwhile, separate data showed bank lending to� households rose by a net 2.6 trillion won ($2.29 billion) in May, boosted by a modest pickup in the real estate market -- mainly in apartment transactions.It was the biggest rise posted since a 4.9 trillion won increase seen in December last year.($1 = 1133.2500 Korean won)(AGENCIES)
Advertisement