BEIJING: China's M2 measure of money supply grew 15.2 percent in February from a year earlier, in line with market expectations of a 15.1 percent rise and down slightly from the previous month's 15.9 percent rise, central bank data showed on Sunday.
Outstanding yuan loans in February rose 15 percent from a year earlier, the central bank said in a statement on its website, www.pbc.gov.cn, roughly in line with the 15.3 percent consensus forecast in a benchmark Reuters poll but down slightly from January's 15.4 percent growth.
Chinese banks also made 620 billion yuan worth of new loans in February, down from market forecasts of 750 billion yuan.
The central bank said China's total social financing aggregate, a broad measure of liquidity in the economy, stood at 1.07 trillion yuan.
Comments
Comments are closed for this article.