M3 rose by 11.5% in the year to January, nearly three times as fast as the 4% or so rate of nominal GDP growth that is consistent with 2% inflation.

• M3比1月份上升了11.；5%25%25，这差不多是在名义GDP大约以4%25增长且通胀应维持在2%25的时候的三倍速度。