Reuters: Financial Services and Real Estate: South Korea L-money supply growth slows in April

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

South Korea L-money supply growth slows in April Jun 7th 2012, 03:00 SEOUL, June 7 | Wed Jun 6, 2012 11:00pm EDT SEOUL, June 7 (Reuters) - South Korea's broadest measure of money supply growth slowed to 8.6 percent year-on-year in April from 9.6 percent in March as the economy cooled on woes in debt-ridden Europe, the central bank said on Thursday. The latest reading was still above an 8.5 percent annual rise in February in the L-money supply measure, which includes cash, all types of deposits at financial institutions and all money market instruments issued. Separate central bank data released at the same time showed banks' lending to households grew by a net 2.2 trillion won ($1.9 billion) in May, the biggest monthly gain since October last year but still smaller than gains in early 2011. The data comes a day before the Bank of Korea holds its monthly policy review, at which it is widely expected to keep rates on hold for a 12th consecutive month. ($1 = 1180.1250 Korean won) (Reporting by Christine Kim; Editing by Choonsik Yoo and Edwina Gibbs)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions