界面宏观

zhongguorenminyinxingzhouyifabugonggao，juedingzitongji2025nian1yuefenshujuqi，qiyongxinxiudingdexiayihuobi（m1）tongjikoujing。xiudinghoudem1baokuo：liutongzhonghuobi（m0）、danweihuoqicunkuan、gerenhuoqicunkuan、feiyinxingzhifujigoukehubeifujin。

muqian，woguom1youliutongzhongxianjin、qiyehuoqicunkuan、jiguantuantibuduicunkuan、nongcuncunkuan、gerenxinyongkacunkuandengwuxianggoucheng。fenxirenshipubianrenwei，danweihuoqicunkuanzhanm1yuede80%yishang，qizhongqiyehuoqicunkuanzhanbi30%。 

“近年来，我国金融市场和金融创新迅速发展，金融工具的流动性发生了重大变化，符合货币供应量特别是M1统计定义的金融产品范畴发生了演变，需要考虑对货币供应量的统计口径进行动态完善。”央行表示。

yangxingzhichu，cicim1tongjikoujingxiuding，shizaixianxingm1dejichushang，jinyibunarugerenhuoqicunkuan、feiyinxingzhifujigoukehubeifujin。gerenhuoqicunkuanhefeiyinxingzhifujigoukehubeifujinmuqianbaohanzaiguangyihuobi（m2）zhong，shangweibaohanzaim1zhong。

yangxingjieshicheng，zaichuangshem1shi，woguohaimeiyougerenyinxingka，gengwuyidongzhifutixi，gerenhuoqicunkuanwufayongyujishizhuanzhangzhifu，yinciweibaohanzaim1zhong。ersuizhezhifushouduandekuaisufazhan，muqiangerenhuoqicunkuanyijubeizhuanzhangzhifugongneng，wuxuquxiankesuishiyongyuzhifu，yudanweihuoqicunkuanliudongxingxiangtong，yingjiangqijirum1。

duiyuyuebao、weixinlingqiantongdengfeiyinxingzhifujigoukehubeifujin，yangxingbiaoshi，keyizhijieyongyuzhifuhuojiaoyi，juyoujiaoqiangdeliudongxing，yeyingnarum1。congguojishangkan，zhuyaojingjitim1tongjikoujingdadoubaohangerenhuoqixingzhidecunkuanjiqitagaoliudongxingdezhifugongju。

jiezhi10yuemo，m1tongbixiajiang6.1%，lianxu7geyuefuzengzhang，danjiangfujiao9yueshouzhai1.3gebaifendian，weinianneishoucichuxianzengsuhuisheng。m1zengsubianjihuisheng，yifangmianshiyinweishangniantongqijishuzoudi，lingyifangmianshizaizengliangzhengcejiakuaituijindebeijingxia，dichanxiaoshouhuinuanhecaizhengzhichujiakuai，jiashangshichangxinxinyousuogaishan，zijinhuohuachengduquyutigao。

ciqianyoufenxishijinxingcesuan，ruguojiangjuminhuoqicunkuanhefeiyinzhifujigoukehubeifujinnarum1tongji，jinnian10yuediaozhenghoudem1tongbizengsujiangcong-6.1%tishengzhi-2.3%，kuankoujingxiadem1qushibingweifashengbianhua，danbodongmingxianjiangdi，zhuyaoshijiarulejuminhuoqicunkuandetongji，shidem1duiqiyehuoqicunkuanbianhuademinganduxiajiang。

yangxingzhouerbiaoshi，jiangyu2025nian1yuefenshujuqikaishianxiudinghoukoujingtongjim1，yujijiangyu2yueshangxunxiangshehuigongbu。zaishoucigongbudetongshi，haijianggongbu2024nian1yuefenyilaixiudinghoudem1yuehezengzhangsudushuju。