China's M2 Money Supply Rose 7% YoY in January: Central Bank Data

Published: Feb 17, 2025 07:40

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China's M2 Money Supply Up 7% YoY in January [SMM Steel Market Morning Brief]: According to data from the central bank, at January month-end, the balance of broad money (M2) was 318.52 trillion yuan (up 7% YoY). The balance of narrow money (M1) was 112.45 trillion yuan (up 0.4% YoY). The balance of currency in circulation (M0) was 14.23 trillion yuan (up 17.2% YoY). Net cash injection for the month was 1.41 trillion yuan.

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