FX.co ★ Taiwan's M2 Money Supply Sees Incremental Rise in January 2024

Taiwan's M2 money supply witnessed a slight increase in January 2024, according to recent data released on February 27, 2024. The current indicator revealed a rise to 5.44%, up from the previous level of 5.3% recorded in December 2023. This uptick suggests a gradual growth in the broad money supply within the Taiwanese economy.

M2 money supply is a key indicator of liquidity and can impact economic activities like lending and investment. The rise in money supply can provide businesses and individuals with more funds for spending and investment, potentially fueling economic growth in the coming months. Analysts will closely monitor further trends in the M2 money supply to gauge the overall health and growth prospects of Taiwan's economy in the near future.