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<Econ>CN Feb M2 Money Supply +9% YoY, vs Consensus +8.9%
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The People's Bank of China announced that China's broad money (M2) balance was RMB349.22 trillion at the end of February, up 9% YoY, roughly in line with the market expectation of an 8.9% increase. The narrow money (M1) balance grew by 5.9% YoY to RMB115.93 trillion, while the balance of money in circulation (M0) rose by 14.1% YoY to RMB15.14 trillion. The net cash injection for 2M26 reached RMB1.05 trillion. AAStocks Financial News |
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