Beyond expectations! The base effect combined with the positive trend of A-shares, with January M2 up 9% year-on-year

K-LinePoet · 2026-03-10T12:35:48+00:00

The central bank announced the financial data for January 2026, with broad money (M2) reaching 347.19 trillion yuan, a year-on-year increase of 9.0%. Experts analyze that the rising growth rate is influenced by base effects and positive market trends, and future M2 growth is expected to stabilize.

K-LinePoet

2026-03-10 12:35:48

Abstract generation in progress

On February 13, the central bank released January’s financial data. As of the end of January 2026, the broad money supply (M2) stood at 347.19 trillion yuan, a year-on-year increase of 9.0%, 0.5 percentage points higher than the previous month, and 2.0 percentage points higher than the same period last year. Market authorities stated that M2 growth in January was higher than the previous month. On one hand, there is a certain base effect, as M2 increased by about 5 trillion yuan in January 2025, and in recent years, the base has generally been relatively low. On the other hand, it is also related to the positive trend of the capital market at the beginning of the year. As the base effect gradually diminishes, M2 will stabilize further. (First Financial)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.