The Bank of Korea(BOK) announced on Wednesday that the amount of money circulated in the market saw growth for the first time in four months in January.
 
According to the central bank’s data on money supply and liquidity, the nation’s M2, or a measure of money supply, grew eight-point-one percent year-on-year in January to stand at two-point-26 quadrillion won.
 
The M2 witnessed growth in the nine percent range from last April due to the reduction in the nation’s key interest rate. Then such growth slipped to the eight percent range in October, before sliding further to the seven percent range in November.
 
Compared to December, the M2 posted growth of one-point-one percent in January.
 
Meanwhile, the central bank estimated that growth of the nation’s M2 for February will stand in the early eight percent range.
 
The money supply figure includes cash, savings deposits and foreign currency deposits and is an indicator measuring the volume of money available to be cashed at any time.