South Korea’s M2 money supply surges 8.1% in August, Bank of Korea data reveals
South Korea’s cash pile skyrockets, hitting a jaw-dropping 4,400.2 trillion won in August, a 1.3 percent surge that’s got everyone’s jaws on the floor. The Bank of Korea spills the tea, revealing this is the fattest monthly jump since March 2024. Demand deposits explode by 14.3 trillion won, while investment trusts balloon by 12.8 trillion won, all riding the stock market’s wild wave. You think you’re keeping up, reader? This cash flood’s been swelling since April, and it’s not slowing down anytime soon.
Year-on-year, the money supply catapults 8.1 percent, the biggest leap since July 2022, leaving economists shook. Bond funds keep climbing, fueled by greedy investors and government spending sprees. July’s numbers, at 4,344.3 trillion won, already hinted at this cash tsunami. Dare to blink, reader? You’ll miss the next big money scandal!
