Korea's money supply growth has remained below its long-term average since January 2023, the central bank said Tuesday, unveiling a new framework for measuring liquidity. After years of preparations, the Bank of Korea (BOK) announced an overhaul of its monetary and liquidity statistics that excludes equity funds, bond funds, exchange-traded funds (ETFs) and other beneficiary securities from broad money, known as M2. Instead, the BOK included such highly volatile beneficiary securities in financial institution liquidity (Lf). M2 in Korea traditionally measured cash, demand deposits and other liquid financial instruments. Under the new standard, M2 stood at 4,056.8 trillion won ($2.82 trillion) in October, compared with 4,466.3 trillion won under the previous standard, according to the BOK. Accordingly, the on-year growth rate of M2 slowed to 5.2 percent from 8.7 percent under the old standard. "The newly calculated M2 growth rate has remained below the long-term average of 7.5 percent since January 2023," BOK official Kim Min-soo said. The revamp comes amid criticism that the central bank'