Growth of money supply stable

China's money supply and lending growth remained stable in April with the broad measure of money supply, or M2, rising 17.1 percent from a year earlier, the People's Bank of China said yesterday on its website.

M2 includes cash and all deposits. The growth was 0.2 percentage point down from March, showing a stable trend in money supply in recent months, although it broke the target level of 16 percent set by the central bank for this year.

Analysts said central bank measures have worked to slow down money supply growth after it raised commercial banks?reserve requirement ratio seven times and interest rates three times within a year.