2009.01.0800:54:00UTC+00S. Korea L money supply Growth Stable in November

South Korea's L money supply, the country's broadest measure of money supply, rose 11.5% year-on-year in November after rising at the same pace in October, the Bank of Korea said Thursday.

M2, the narrower measure of the money supply, grew at a slower annual pace of 14% in November, compared with 14.2% in the preceding month. The November growth rate was the lowest since March 2008.

The Bank of Korea is holding its monetary policy meeting on January 9. Economists expect the central bank to cut its key interest rate by 50 basis points to 2.5% to support the economy.

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