Mongolian M2 money supply grows by 14.4% y/y in October

By bne IntelliNews November 19, 2014

Mongolia's M2 money supply grew to MNT9,969bn ($5.32bn) in October, up from MNT8.716bn in October 2013, the central bank said in its monthly bulletin published on November 18.

M2 money supply peaked in January 2014 to MNT10,022bn and remained stable throughout 2014. M1 money supply was MNT1,751bn in October, down by 9.6% from October 2013.

The country's monetary authorities are phasing out the expansionary monetary policies adopted in 2012 and 2013 to tackle growing inflationary pressure - CPI jumped to 14.9% y/y in July and was 12.1% y/y in October.

Related Articles

Mongolian People’s Party members request dismissal of PM and government

Some 31 members of the Mongolian People`s Party (MPP) have submitted a request to dismiss Prime Minister Jargaltulgyn Erdenebat and his government, GoGo Mongolia news agency ... more

Mongolia’s GDP up by 5.3% y/y in H1

Mongolia’s economy grew by 5.3% y/y in the first half of 2017, state-run Montsame news agency reported on August 18. Growth was mainly driven by increased ... more

EU to open "fully-fledged" delegation in Mongolia

The European Union is to establish a delegation in Mongolia, bringing its total number of delegations around the world to 140, the EU announced in a July 24 statement. ... ... more

Dismiss