https://dark-hole.com/tags/m2/ Recent content in M2 on 黑洞研报 https://dark-hole.com/images/papermod-cover.png https://dark-hole.com/images/papermod-cover.png Hugo -- 0.154.5 zh-cn Sun, 15 Mar 2026 17:45:00 +0000 https://dark-hole.com/posts/20260315_00003/ Sun, 15 Mar 2026 17:45:00 +0000 https://dark-hole.com/posts/20260315_00003/ 2月信贷新增9000亿元，企业强、居民弱；社融增加2.38万亿元，政府债券拖累；M2持平，M1上行，M1-M2负剪刀差收敛至-3.1%。货币政策降准降息小步慢跑，结构政策强化激励。