South Korea’s money supply growth hit a five-year high in September due to the government’s expansionary monetary policy.

According to liquidity data for September released by the Bank of Korea, the country’s M2, a narrow measure of money supply, reached 2,230 trillion won, up nine-point-four percent year-on-year representing the largest growth since June 2010.

The growth of the M2 witnessed a steady increase from four-point-eight percent in 2013 and six-point-six percent last year.

Demand deposits and savings at money market deposit accounts marked steady growth, increasing six-point-one trillion won and five-point-four trillion won, respectively.