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

Mongolia omits Russia-to-China Power of Siberia 2 pipeline project from action plan for years ahead

Mongolia’s action plan through 2028 reportedly does not include the Power of Siberia 2 natural gas pipeline project to connect Russia and China across 2,594 kilometres (1,612 miles) of its ... more

Fourteen injured as acute turbulence hits Korean Air flight to Ulaanbaatar

Fourteen people were injured on a Korean Air flight to Mongolian capital Ulaanbaatar after encountering turbulence so strong that the aircraft shook and meals flew around, Korea JoongAng Daily has ... more

RSF calls on Mongolia to drop charges against editor investigating deputy PM

Reporters Without Borders (RSF) on June 6 called on the prosecutor's office of Mongolia to drop all charges ... more

Dismiss