Thursday , 14 November 2024
Home Forex China October M2 money supply +7.5% vs +6.9% y/y expected
Forex

China October M2 money supply +7.5% vs +6.9% y/y expected

  • Prior +6.8%
  • New yuan loans ¥0.5 trillion
  • Prior ¥1.59 trillion

This brings the year-to-date total for new yuan loans to ¥16.52 trillion, with the October estimate coming in slightly lower than the expected figure of ¥0.7 trillion. Broad money growth is seen rebounding on a year-on-year basis but China will be hoping to translate that to stronger credit demand next year, alongside further monetary policy easing measures.

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

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

NZD/USD manages to hold above mid-0.5900s, seems vulnerable near multi-month low

The NZD/USD pair prolongs its recent downward trajectory witnessed over the past...

AUD/USD: Expected to edge lower, possibly reaching 0.6460 – UOB Group

The Australian Dollar (AUD) is expected to edge lower, possibly reaching 0.6460.

Floki’s Valhalla Partners with Dubai’s Mall of the Emirates for Landmark Campaign

Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game is...

USDJPY Technical Analysis – The market is sensing a change

Fundamental OverviewThe US CPI yesterday came in line with expectations leading to...