2026-01-15 10:31:48

12月份货币供应量数据出炉，市场反应值得关注。M2增长8.5%（年同比），略超预期的8.0%；M1增速则为3.8%（年同比），与预期的3.9%基本持平；M0增速达10.2%（年同比），较前月的10.6%有所回落。

从社会融资总额来看，当月新增2.21万亿元，环比前期的2.49万亿元下降；新增人民币贷款则达到0.98万亿元，相比前月的0.4万亿元明显上升。数据组合来看，货币供应结构呈现出一定的分化——基础货币增速下滑，但贷款投放反而加速，这反映出流动性从广义向狭义的倾斜，或预示着后续经济支撑政策的调整方向值得市场密切观察。

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RugpullSurvivor

· 01-18 01:21

Damn, the M2 exceeding expectations is such a bizarre signal. What exactly are they trying to do behind the accelerated loan issuance?

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probably_nothing_anon

· 01-17 00:04

M2 exceeds expectations, but M1 is only 3.8%? That's a pretty big gap... Feels like the crypto world is about to stir.

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zkNoob

· 01-16 21:51

M2 exceeds expectations but M0 declines, this rhythm is a bit strange Loan issuance doubles? Is the funds really flowing into the real economy or are they starting to accumulate again? Liquidity is tilting... sounds like policy adjustments are coming, we need to keep a close watch

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BlockchainArchaeologist

· 01-16 09:08

M2 exceeds expectations but M1 remains weak. This combination is indeed a bit delicate... Is liquidity contracting or restructuring? It depends on how future policies are implemented.

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LiquidityWizard

· 01-15 11:01

M2 exceeded expectations, but M1 is so flat. Is liquidity really shrinking in the narrow sense? Seems like the crypto circle should be cautious.

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GreenCandleCollector

· 01-15 11:01

M2 exceeds expectations but M1 remains weak; this combination seems a bit delicate.

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GateUser-75ee51e7

· 01-15 10:59

Loan acceleration suddenly surged to 0.98 trillion. Is this really a wave of liquidity injection or just data fluctuation? It depends on how things develop next.

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EntryPositionAnalyst

· 01-15 10:56

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OnchainGossiper

· 01-15 10:45

Is M2 breaking 8.5 still considered a positive signal? I think it's just self-deception amidst the sound of liquidity injection.

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Degentleman

· 01-15 10:36

M2 exceeds expectations but M1 underperforms, this signal is quite interesting.

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