Money supply hits record low in June

China's broad money supply growth or M2, a key gauge of inflation, retreated to a record low in June, despite a slight pick up in yuan loans amid monetary policy tweaks and tighter financial regulations.

Analysts said there was unlikely to be any major rebound in the M2 growth during the second half of the year given that there would be no major changes in the nation's rigid fiscal stance.

The M2 growth had slowed to 8 percent by the end of June, the lowest since 1996, when it was introduced as a key measure of the nation's quantity-based monetary policy framework, the central bank said on Friday.