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SHANGHAI, July 14: China’s broad measure of money supply rose 17.37 per cent year-on-year in June, the central bank said on Monday, as analysts warned policy-makers to tighten policy to keep inflation in check.
The latest figures for the M2 measure dipped slightly lower compared to May’s growth of 18.1 per cent, the People’s Bank of China said in a statement.
But it was higher than the government’s annual M2 target of 16 per cent.
The figure came days before the release of China’s key economic data for the second quarter on Thursday, including June inflation data.—AFP
