M2 increased 13.4% in March. TSF was up 2.3 trillion, one of the largest increases stretching back several years.
One chart I added this month is the monthly change in M2, which shows money supply isn't running any faster than it has over the past 3 years. The numbers are big again this month, but large short-term spikes have faded before.
Daily Mail:China March new yuan loans rise to 1,370 bln yuan, beating forecasts
Bank of Canada to cut rates first?
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Statistics Canada released the consumer price index (CPI) for the March
quarter. The CPI rose 2.9% year-over-year in March, up from a 2.8% gain in
Februa...
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