If M2 growth is 15% per year, and GDP growth is 8% per year, does it mean the inflation is 7%?# Stock
r*b
1 楼
I know that his is a naive question. Please help. Thanks!
=====================================
Inflation in the first half of 2013, as expressed by the consumer price
index, was relatively stable, mostly in a range between 2%
and 2.4% after seasonal adjustment, except for a surge to 2.7% in June. The
relatively stable inflation helped keep monetary
policy relatively stimulative in the first half of the year, as indicated by
high M2 money supply (all physical money, checking and
savings accounts, and non-institutional money markets) growth ranging
between 15% and 16%, except for June when M2
growth declined to 14%. Yet, even with the slowdown in M2 growth in June, it
was still above a target of around 13% for 2013.
Interbank market liquidity in June became very tight due to regulatory
tightening of off-balance sheet interbank assets. While the
stress in the interbank market seems to be alleviated — with interbank
lending rates returning to normal levels — there could
still be some lingering effect on both international and domestic trade
financing activities going forward.
=====================================
Inflation in the first half of 2013, as expressed by the consumer price
index, was relatively stable, mostly in a range between 2%
and 2.4% after seasonal adjustment, except for a surge to 2.7% in June. The
relatively stable inflation helped keep monetary
policy relatively stimulative in the first half of the year, as indicated by
high M2 money supply (all physical money, checking and
savings accounts, and non-institutional money markets) growth ranging
between 15% and 16%, except for June when M2
growth declined to 14%. Yet, even with the slowdown in M2 growth in June, it
was still above a target of around 13% for 2013.
Interbank market liquidity in June became very tight due to regulatory
tightening of off-balance sheet interbank assets. While the
stress in the interbank market seems to be alleviated — with interbank
lending rates returning to normal levels — there could
still be some lingering effect on both international and domestic trade
financing activities going forward.