PBOC says money supply continues fast growth

- Central Banking staff
- 19 Feb 2003

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China's financial sector continued its momentum of good performance in January, with a faster growth in money supply and a stable exchange rate, according to the People's Bank of China (PBOC).

Statistics released Monday by the PBOC show that by the end of January, the outstanding broad money (M2) was 19.1 trillion yuan (2.31 trillion US dollars), up 2.5 per cent from the end of last year, which was also the biggest year-on-year growth since 1998.

The outstanding narrow money (M1) was 7.24 trillion

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