As more than 27 trillion won was released into the market in June, the concentration of short-term investment capital, which is concentrated in households rather than corporations, is becoming clearer.
As for the money supply in June, households (non-profit) increased by 0.9% and the corporate sector increased by 0.8%, while the money supply of financial institutions decreased and MI (cash currency) increased by 1.3% due to short-term funds.
The Bank of Korea's money supply in June was 1665.8 trillion won for households (non-profit organizations), an increase of 5 trillion won in mortgage loans from 14.3 trillion won in the previous month, up 0.9% from the previous month.
On the other hand, the corporate sector's money supply was 100.8 trillion won, an increase of 7.9 trillion won (0.8%) from the previous month, while that of financial institutions decreased by 4.6 trillion won to 554.6 trillion won.
Broad currency (M2) was 3411.8 trillion won in June, an increase of 26.8 trillion won (0.8%) from the previous month. (1.3%) is bullish with an increase.
Demand deposits waiting to be withdrawn for investment surged 11.2 trillion won in June, and period deposits for less than two years and beneficiary certificates increased by 8.3 trillion won and 5.2 trillion won, respectively.
In July, banks' household loans amounted to 1040.2 trillion won (balance basis), an increase of 9.7 trillion won from the previous month, surpassing the rate of increase in the money supply, the largest increase since 2004 statistics.
Household debt rose to 1,765 trillion won in the first quarter, and the consumer price index jumped 2.6% in July due to the rapid increase in the money supply, the 2% increase rate for four consecutive months.
U.S. stocks fell after the U.S. Commerce Department announced today (17th) that retail sales in July were down 1.1% from June.
The decline in retail consumption in the US was directly linked to export-led countries as restaurant and bar sales increased by more than 1.7%, but online sales, which had been on the rise, fell 3.1%.