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South Korea's Household M2 Falls 1.6% in July, Record Decline Since 2003
According to South Korea's central bank, household money supply (M2) declined 1.6% year-over-year in July, marking the largest drop since data compilation began in 2003. This represents only the fourth month on record when household M2 contracted compared to the previous year, following January and February 2008 during the global financial crisis, plus June and July 2026. The steeper-than-expected decline in July contradicts the central bank's earlier explanation that household M2 reductions in
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