SEOUL, Apr 10: South Korea’s broadest L-money supply measure ticked up in February from January as Asia’s fourth-largest economy crawls along a recovery path, 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, grew 8.2 percent in February from a year earlier, slightly faster than 8.0 percent growth posted in January.
Separate data from the Bank of Korea showed bank lending to households inched up by 0.1 trillion won ($87.76 million) in March, following a 1.6 trillion won fall in borrowing over February.
The data comes a day before the Bank of Korea’s monetary policy committee reviews interest rates at its monthly decision, where it is likely to cut rates according to a poll conducted by Reuters. ($1 = 1139.4500 Korean won)
(AGENCIES)
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