韩国央行对货币供应和流动性统计数据进行全面修改

Core Insights - The Bank of Korea has announced a comprehensive revision of its monetary and liquidity statistics, excluding highly volatile beneficiary securities from the broad money (M2) measure, aligning with international standards set by the IMF [1][3] Group 1: Monetary Supply Changes - Since January 2023, the growth of Korea's monetary supply has been below the long-term average, with the new M2 figure for October reported at 4,056.8 trillion KRW (approximately 2.82 trillion USD), down from 4,466.3 trillion KRW under the previous standard [1][2] - The year-on-year growth rate of M2 has decreased from 8.7% under the old standard to 5.2% under the new standard [1][2] Group 2: Rationale and Context - The adjustments come amid criticism that the Bank of Korea's loose monetary policy has led to excess liquidity, contributing to the depreciation of the Korean won and rising housing prices [1][2] - The new framework is expected to enhance the international comparability of Korea's monetary statistics, as similar exclusions of beneficiary securities are being adopted by major developed countries like the United States [2][3]