1, basic concept
M0 is cash; M 1 is demand deposit; M2 refers to demand deposits and time deposits. These three indicators are currencies of all levels.
M2, the broad money we often hear, is all kinds of deposits.
2. The People's Bank of China is responsible for issuing currency and formulating monetary policies.
Article 12 of the newly revised Law of the People's Bank of China on February 27th, 2003 clearly stipulates: "The People's Bank of China shall set up a monetary policy committee. The responsibilities, composition and working procedures of the Monetary Policy Committee shall be formulated by the State Council and reported to the NPC Standing Committee for the record. The Monetary Policy Committee of the People's Bank of China should play an important role in the formulation and adjustment of national macro-control and monetary policy ".
We can see the amount of money from the quarterly monetary policy implementation report of the People's Bank of China.
For example, 3
"The effect of prudent monetary policy is gradually emerging. Liquidity in the banking system is abundant, money and credit are growing steadily and rapidly, the loan structure continues to improve, interest rates have dropped significantly, and the RMB exchange rate has remained basically stable. 20 15 6
At the end of the month, the M2 balance of broad money supply increased by 1 1.8% year-on-year. "(2065438+June 2005 monetary policy implementation report)