M2 Money Supply (YoY)

The M2 Money Supply is released by The People’s Bank of China measures all the CNY in circulation, encompassing cash, notes and coins as well as money held in bank accounts. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the interest rates. Generally speaking, An acceleration of the M2 money is considered as positive (or bullish) for the CNY, whereas a decline is as negative (or Bearish) for the CNY.

Most recent - Friday 13 September 2024 11:30

Previous
6.3%
Forecast
6.2%
Actual
6.3%

Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.

Next event - Thursday 10 October 2024 10:00

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for M2 Money Supply (YoY) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for M2 Money Supply (YoY) was 6.3% against a forecast of 6.2%.

Past events

Date
Forecast
Actual
Friday 13 September 2024 11:30
6.2%
6.3%
Tuesday 13 August 2024 09:04
6.1%
6.3%
Friday 12 July 2024 09:10
6.9%
6.2%
Friday 14 June 2024 09:00
7.5%
7%
Saturday 11 May 2024 09:00
8.3%
7.2%
Friday 12 April 2024 10:00
8.7%
8.3%
Friday 15 March 2024 08:35
8.8%
8.7%
Friday 9 February 2024 07:55
-
8.7%
Friday 12 January 2024 09:30
10.1%
9.7%
Wednesday 13 December 2023 09:00
10.1%
10%
Monday 13 November 2023 10:00
10.4%
10.3%
Friday 13 October 2023 08:00
10.7%
10.3%
Monday 11 September 2023 07:00
10.7%
10.6%
Friday 11 August 2023 08:30
11%
10.7%
Tuesday 11 July 2023 09:40
11.2%
11.3%
Tuesday 13 June 2023 08:00
12.1%
11.6%
Thursday 11 May 2023 08:00
12.5%
12.4%
Tuesday 11 April 2023 08:30
12.7%
12.7%
Friday 10 March 2023 08:30
12.5%
12.9%
Friday 10 February 2023 09:00
11.6%
12.6%
Tuesday 10 January 2023 07:00
12.2%
11.8%
Monday 12 December 2022 07:00
11.7%
12.4%
Thursday 10 November 2022 10:15
11.2%
11.8%
Tuesday 11 October 2022 12:30
10.9%
11.2%
Friday 9 September 2022 07:00
11%
10.9%
Friday 12 August 2022 07:00
11.4%
11%
Monday 11 July 2022 07:00
11%
11.4%
Friday 10 June 2022 07:00
10.4%
11.1%
Friday 13 May 2022 09:00
9.9%
10.5%
Monday 11 April 2022 08:00
9.2%
9.7%
Friday 11 March 2022 08:00
9.5%
9.2%
Thursday 10 February 2022 07:00
9.2%
9.8%
Wednesday 12 January 2022 08:00
8.7%
9%
Friday 10 December 2021 07:00
8.6%
8.5%
Wednesday 10 November 2021 08:00
8.3%
8.7%
Wednesday 13 October 2021 07:00
8.2%
8.3%

Economic context

Recent economic data has been moderately bearish for CNY. Other recent announcements which may affect the market's interpretation of the next M2 Money Supply (YoY) result:

PreviousLatest
Industrial Production (YoY)Bearish change5.1%4.5%
Retail Sales (YoY)Bearish change2.7%2.1%
Exports (YoY)Bullish change7%8.7%
Exports (YoY) CNYBullish change6.5%8.4%
Imports (YoY)Bearish change7.2%0.5%
Imports (YoY) CNYBearish change6.6%0%
Trade Balance CNYBullish change601.9B649.34B
Trade Balance USDBullish change$84.65B$91.02B
Consumer Price Index (YoY)Bullish change0.5%0.6%
Producer Price Index (YoY)Bearish change-0.8%-1.8%
Consumer Price Index (MoM)Bearish change0.5%0.4%
Caixin Services PMIBearish change52.151.6

About M2 Money Supply (YoY)

Country:China
Currency:CNY
Source:The People Bank's of China
Category:Inflation
Frequency:Monthly

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