Taiwan's M2 money supply rises 8.17% in Aug
Published: 28 Sep 2009 17:41:01 PSTSep. 29, 2009 (China Knowledge) - The Taiwanese central bank on Thursday announced that the broad money supply, M2, grew 8.17% in August, compared with the same period of last year. The growth rate was lower than the 8.33% recorded in July mainly because of a higher comparison base in August 2008, according to the central bank's statement. As of the end of August, the outstanding loans and investments of Taiwan's major financial institutions, including the island's postal savings system, had declined 0.84% year on year to NT$21.01 trillion. Taiwan's M1B, a measure of liquid money supply, rose 2.07% in August after a 20.64% rise in July. Copyright © 2009 www.chinaknowledge.com |
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