Taiwan’s M2 money supply, the broadest measure of money flowing through the banking system, grew by 4.19 percent in June compared with the same month last year, slowing from the 4.4 percent growth in the previous month, the central bank said Wednesday.
At the end of June, outstanding loans and investments of major financial institutions, including the postal savings system, were 4.58 percent higher on year, compared with May’s 5.23 percent increase, the Central Bank of the Republic of China (Taiwan) said.
M1B-comprising net currency, checking accounts and passbook deposits of companies and individuals, plus the passbook savings deposits of individuals-was 3.18 percent higher at the end of June, slowing from the 3.24 percent increase in May.
M2 is M1B plus time deposits, negotiable certificates of deposit and foreign currency deposits. -By Aries Poon