(Bloomberg) -- China's money supply growth
accelerated for the first time in four months, increasing the
likelihood that interest rates will rise.
M2, the broadest measure, rose 17.1 percent in June from a
year earlier to 37.8 trillion yuan ($5 trillion) after gaining
16.7 percent in May, the People's Bank of China said today on its
Web site. It topped the government target for the fifth straight
month and was higher than the 16.6 percent median estimate of 18
economists surveyed by Bloomberg News.
Read more at Bloomberg Emerging Markets News
accelerated for the first time in four months, increasing the
likelihood that interest rates will rise.
M2, the broadest measure, rose 17.1 percent in June from a
year earlier to 37.8 trillion yuan ($5 trillion) after gaining
16.7 percent in May, the People's Bank of China said today on its
Web site. It topped the government target for the fifth straight
month and was higher than the 16.6 percent median estimate of 18
economists surveyed by Bloomberg News.
Read more at Bloomberg Emerging Markets News
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