China June M2 money supply +6.2% vs +6.8% y/y expected
Prior +7.0%New yuan loans ¥2.13 trillionPrior ¥950.0 billionThe jump is new yuan loans barely misses the estimate of ¥2.25 trillion but is a strong rebound to the month before. That reaffirms that Beijing is still trying to improve credit conditions in bolstering the economy this year. This article was written by Justin Low at www.forexlive.com.
- Prior +7.0%
- New yuan loans ¥2.13 trillion
- Prior ¥950.0 billion
The jump is new yuan loans barely misses the estimate of ¥2.25 trillion but is a strong rebound to the month before. That reaffirms that Beijing is still trying to improve credit conditions in bolstering the economy this year.
