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CN M2 Money Supply Rises 7.9% YoY in May, vs. Mkt Expectation of 8.1% Growth
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The People's Bank of China announced that China's broad money (M2) balance was RMB325.78 trillion at the end of May, up 7.9% YoY, but below the market's expected 8.1% increase. The narrow money (M1) balance also grew by 2.3% YoY to RMB108.91 trillion, surpassing the market's forecast of 1.7% growth. The balance of money in circulation (M0) amounted to RMB13.13 trillion, up 12.1% YoY. The net cash injection for 5M25 was RMB306.4 billion. AAStocks Financial News |
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