SEOUL Feb 12 South Korea's broadest measure of
money supply grew at a slightly slower annual pace in December
compared with the previous month, central bank data showed on
Wednesday, as the economy recovers at a slow but steady pace.
The L-money supply measure, which includes all cash, all
types of deposits at financial institutions and all money market
instruments issued, rose 7.1 percent in December from a year
earlier, the Bank of Korea data showed.
That compared with a 7.4 percent year-on-year rise in
November but was higher than 6 percent growth seen in mid-2013.
Separate data from the Bank of Korea showed bank lending to
households fell by a net 2.6 trillion won ($2.4 billion) in
January as a set of tax exemptions expired at the end of the
year and cold weather weighed on the housing market.
It was the first fall in lending since February last year
and the biggest decline in borrowing since a 3.5 trillion drop
in January 2013.
The data comes a day before the Bank of Korea's monthly
policy meeting, at which it is widely expected to hold rates
steady at 2.50 percent for a ninth month.
($1 = 1070.8500 Korean won)
(Reporting by Christine Kim; Editing by Chris Gallagher)