M1B money supply dropped to 9.18% in November.

By bne IntelliNews December 31, 2010

Taiwan's broad money supply indicator M1B dropped for the eleventh consecutive month to 9.18% during November this year. As reported by Taiwan Economic News, the central bank stated that the annual growth of M1B was recorded below10% for the first time since May 2009. Y.T. Chen, deputy director general at the central bank's Economic Research Department stated that there was little chance to witness the 'slack cross, (when the two graph lines intersect at the bottom) during the period since the average daily outstanding value of M1B during the month amounted to USD 358.48bn.

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