China December M2 money supply +9.7% vs +10.1% y/y expected

Prior +10.0%New yuan loans ¥1.17 trillion vs ¥1.40 trillion expectedPrior ¥1.09 trillionBroad money growth in China eases further towards the end of last year while bank loans were once again another miss on estimates this time around. That being said, the total new yuan loans for 2023 is seen up to ¥22.75 trillion and that is higher than the ¥21.31 trillion in 2022. As such, that points to China still providing much support to try and bolster recovery conditions. This article was written by Justin Low at www.forexlive.com.

Jan 12, 2024 - 15:35
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China December M2 money supply +9.7% vs +10.1% y/y expected
  • Prior +10.0%
  • New yuan loans ¥1.17 trillion vs ¥1.40 trillion expected
  • Prior ¥1.09 trillion

Broad money growth in China eases further towards the end of last year while bank loans were once again another miss on estimates this time around. That being said, the total new yuan loans for 2023 is seen up to ¥22.75 trillion and that is higher than the ¥21.31 trillion in 2022. As such, that points to China still providing much support to try and bolster recovery conditions.

This article was written by Justin Low at www.forexlive.com.
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