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Updated Saturday, December 25, 2010 11:43 pm TWN, The China Post news staff

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M1B growth narrows in November: central bank

The year-over-year growth of Taiwan's M1B money supply narrowed to 9.18 percent in November, the 11th consecutive monthly decline, announced the Central Bank of the Republic of China (Taiwan) yesterday.

As for the M2 gauge, its year-over-year growth in November increased 5.2 percent, the sixth monthly increase in a row.

From January to November, M1B rose 15.56 percent from the same period last year, while M2 rose 4.54 percent, the central bank said.

Each month, the central bank reports the country's M1A, M1B and M2 measures.

M1B is money readily available for investments and purchases and is often used as a benchmark for predicting stock movement.

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