Monetary policy takes into account multiple equilibrium M2 and steady deposit growth.

Xinhua News Agency, May 17, China's broad money supply (M2) and RMB deposits have shown a relatively rapid growth trend since the beginning of this year. According to the people's Bank of China, the balance of M2 and RMB deposits increased by 12.4% at the end of April compared with the same period last year, 1.9% and 2% higher than the same period last year, respectively. There is a view that the deviation between the growth rate of money supply and economic growth can easily lead to problems such as idling of funds or liquidity siltation. In this regard, experts said that M2 and deposit growth are affected by multiple factors, and the relationship between M2 and the operation of the real economy should be viewed comprehensively and reasonably. (China Securities News)