权威专家：M2/GDP 5年时间提升了35个百分点

Core Insights - The central bank reported that as of the end of April, the broad money supply (M2) reached 325.17 trillion yuan, reflecting a year-on-year growth of 8% [1] - Experts suggest that analyzing financial data in conjunction with GDP and other economic indicators can provide a clearer picture of the effectiveness of monetary policy [1] - The M2 to GDP ratio has increased from 197% at the end of 2019 to 232% by the end of 2024, marking a 35 percentage point rise over five years [1] - The use of M2 growth rate as an observational indicator for monetary policy is deemed reasonable, as the correlation between money supply and economic growth is weakening [1] Financial Data Analysis - The broad money supply (M2) stood at 325.17 trillion yuan as of April, with an 8% increase year-on-year [1] - The M2 to GDP ratio has risen significantly, indicating a growing divergence between monetary supply and economic output [1] - The trend of diminishing correlation between total money supply and economic growth is noted, aligning with patterns observed in major developed economies [1]