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The People's Bank of China has just released the latest figures! From January to May, new social financing amounted to 14.8 trillion yuan, a year-on-year increase of 7% for M2.
RMB loans increased by 11.14 trillion yuan in the first five months, while RMB deposits increased by 9 trillion yuan.
South Korea Says 'No Going Back' Once FX Trade Reform Begins
A senior South Korean official underscored the nation’s determination to ensure that its extension of trading hours for the onshore won will be permanent as it pushes for its biggest market reforms in decades in a bid to join a global government bond index.
South Korea's GDP Grows 1.3% in Q1 in Line With Bank of Korea's Advance Estimate
South Korea's economy expanded 1.3% in the first quarter of 2024 from the year-ago period, consistent with the advance estimate, data from the Bank of Korea indicated Wednesday.
South Korea's Official Foreign Reserves Decline in May
South Korea's foreign exchange reserves fell to $412.8 billion as of end-May from $413.3 billion as of April 30, the Bank of Korea said Wednesday.
South Korea's Economy Bigger Than Thought, Easing Debt Burdens
South Korea’s economy has grown 4.9% more than previously thought every year on average since 2000, a revision that lowers the share of national debt and raises the scope for more policy action by monetary and fiscal authorities.
South Korean Government's Efforts Could Lead Inflation to Slow Sharply in 3Q -- Market Talk
The South Korean government's efforts to curb price growth by lowering tariffs and raising quotas on imported food and fruit could lead inflation to slow sharply in 3Q, ING economists Robert Carnell and Min Joo Kang say in a note.