Funds rushed to banks due to loan restrictions and weak stocks, and the market currency supply increased.
The Bank of Korea's market currency M2 in October was 3550.6 trillion won, up 38 trillion won (1.1%) from the previous month and 12.4% from the previous year, more than double the increase from the previous month (17.4 trillion won).
In October, the money supply of financial institutions increased by 10.4 trillion won (1.8%) to 581.6 trillion won, savings deposits increased by 11.4 trillion won, and deposits in the stock market decreased by 1.6 trillion won during a bear market.
The corporate sector’s money supply was 1042 trillion won, down by 800 billion won (-0.1%) from the previous month, and households and non-profit organizations’ money supply increased by 18.3 trillion won (1.1%) to 1719.5 trillion won, reflecting the economic slowdown. .
According to the government's housing loan regulations, housing mortgage loans including Jeonse funds in October increased by 2.4 trillion won, half of the previous month (4.7 trillion won), and sharply decreased.
M1 (consultation currency) of immediate cash increased by 18% from the same month of the previous year to 1345 trillion won, and the waiting fund expansion continued with an increase of 5.4 trillion won (1.2%) from the previous month.