FX.co ★ South Korea’s M2 Growth Cools in March, Easing to 7.2%

South Korea’s broad money supply growth moderated in March 2026, with the M2 aggregate rising 7.20% year-on-year, down from 8.20% in February 2026. The latest figures, updated on 13 May 2026, point to a continued slowdown in liquidity expansion across the economy.

The deceleration in March marks a one‑percentage‑point drop from the previous month’s pace, signaling a potential easing in monetary conditions. While M2 is still expanding at a relatively solid rate, the softer growth may reflect cooling credit demand or the impact of earlier policy measures aimed at tempering financial imbalances.

Analysts and market participants are likely to watch upcoming data closely to assess whether March’s weaker M2 growth is the start of a more sustained trend or a temporary moderation within a still‑elevated liquidity environment.