Central bank: money supply M2 rose 11.6% in May from a year earlier, estimated at 12%

[central Bank: money supply M2 in May is estimated to grow by 11.6% compared with the same period last year] according to the official website of the Central Bank, at the end of May, the balance of broad money (M2) was 282.05 trillion yuan, an increase of 11.6% over the same period last year, and the growth rate was 0.8 percentage points lower than that at the end of last month and 0.5 percentage points higher than the same period last year. The balance of narrow money (M1) was 67.53 trillion yuan, an increase of 4.7 percent over the same period last year, 0.6 percentage points lower than at the end of last month and 0.1 percentage points higher than the same period last year. The balance of currency in circulation (M0) was 10.48 trillion yuan, an increase of 9.6% over the same period last year. The net cash withdrawal in that month was 114.8 billion yuan.