Friday, January 25, 2008

Taiwan money supply growing

Look east or west - it is the same story. Central banks are printing too much money

TAIPEI (XFN-ASIA) - M2, Taiwan's broadest measure of money supply, rose 1.36 pct year-on-year in December after expanding 2.78 pct year-on-year in November, the central bank said.

M1B money supply rose 1.07 pct year-on-year in December, compared with a 4.34 pct rise in November, it said.

M1B is derived from M2 minus quasi-money, or time deposits, time savings deposits, and foreign-currency deposits placed by enterprises and individuals in monetary institutions, as well as postal savings deposits.