(MENAFN- Qatar News Agency) oul April 9April 09 - South Korea's money supply grew 5.2% in February from a year earlier as bank lending remained firm the central bank said Wednesday. South Korea's M2 a narrow measure of money supply amounted to 1954 trillion won about (US$1.87 trillion) in February from a year earlier compared with 1937 trillion won in February according to the Bank of Korea (BOK). On a seasonally adjusted basis the country's M2 advanced 1% in February from the previous month quickening from a 1% on-month gain in January according to South Korea's (Yonhap) News Agency. M2 covers currency in circulation and all types of deposits with a maturity of less than two years at lenders and non-banking financial institutions excluding those held by insurers and brokerage houses. The BOK said in a separate statement that the growth of South Korea's M2 is estimated to have remained in the low 5% range in March. South Korea's liquidity aggregate the broadest measure of money supply grew 7.3% in February from a year ago after rising 7.8% on-year in January it added. Liquidity aggregate covers currency in circulation and all types of deposits at financial institutions plus state and corporate bonds. The data came one day before the BOK is scheduled to hold its monthly rate-setting meeting the first to be presided by its new governor. Analysts said that the BOK is likely to freeze the key rate at 2.5% for the 11th consecutive month in April
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