Market Commentary and Intraday News

Taiwan M2 Money Supply Growth Slows In July

274 days ago

(RTTNews) - Taiwan's M2 supply increased at a slower pace in July, owing mainly to net foreign capital outflows, data released by the Central Bank of the Republic of China (Taiwan) showed Friday.

The M2, or intermediate money supply, increased 3.8 percent on an annual basis in July. The rate of growth slowed from the previous month mainly due to net foreign capital outflows.

Month-on-month, the M2 edged up 0.23 percent during the month. In the first seven months of the year, the M2 increased on average 4.61 percent from the same period a year earlier, data showed.

At the same time, the M1B money supply, which includes currency held by the general public and deposit money, increased 0.21 percent sequentially in July, taking the annual growth to 2.88 percent, data showed.

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