South korea: South Korea's money supply experienced a continuous upward trend in March, driven by an increase in short-term funds poised for investment, as revealed by central bank data on Wednesday. The Bank of Korea (BOK) reported that the country's M2, a vital indicator of money supply, reached an average of 4,132.1 trillion won (approximately US$2.76 trillion) during the month, marking an 18.5 trillion won increase from the previous month.

According to Yonhap News Agency, the upward trajectory of M2 has been consistent since November. M2 encompasses cash, demand deposits, and other easily convertible financial instruments, serving as a comprehensive measure of the money supply. The BOK attributed the growth in March to rising money market funds, which predominantly invest in short-term products, amid a rally in the local stock market.

The data further revealed a sectoral breakdown of liquidity changes. Nonfinancial corporations saw a liquidity increase of 34.9 trillion won, while financial institutions experienced a 1.6 trillion won rise. Conversely, liquidity held by households and nonprofit organizations declined by 13.1 trillion won.