On August 14, the Central Bank reported that by the end of July, the balance of broad money (M2) was 355.51 trillion yuan, an increase of 7.7% year-on-year. The balance of narrow money (M1) was 115.46 trillion yuan, up 4% year-on-year. The balance of currency in circulation (M0) was 14.82 trillion yuan, a year-on-year increase of 11.6%. In the first seven months, a net cash injection of 725.5 billion yuan was made.
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Central Bank: M2 Increased by 7.7% Year-on-Year in July
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