CNY M2 Money Supply y/y
It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation;
Source does not have a reliable release schedule - this event will be listed with a date range or as 'Tentative' until the data is released;
- CNY M2 Money Supply y/y Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 14, 2024 | 7.0% | 7.1% | 7.2% |
May 11, 2024 | 7.2% | 8.2% | 8.3% |
Apr 12, 2024 | 8.3% | 8.7% | 8.7% |
Mar 15, 2024 | 8.7% | 8.8% | 8.7% |
Feb 9, 2024 | 8.7% | 9.4% | 9.7% |
Jan 12, 2024 | 9.7% | 10.1% | 10.0% |
Dec 13, 2023 | 10.0% | 10.0% | 10.3% |
Nov 13, 2023 | 10.3% | 10.4% | 10.3% |
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- CNY M2 Money Supply y/y News
China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts. Industrial output grew by 5.6% year-on-year, compared to the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll. The country’s National Bureau of Statistics elaborated that the total retail ...
Chinese banks extended 950 billion yuan ($130.93 billion) in new yuan loans in May, rising from April but missing analysts’ expectations. Analysts polled by Reuters had predicted loans would rise to 1.255 trillion yuan in May from 730 billion yuan in April, but would still be below the 1.36 trillion yuan issued in the same month a year earlier. The People’s Bank of China does not provide monthly breakdowns but Reuters calculated the May figures based on the bank’s Jan-May data released on Friday, compared with the Jan-April figure. ...
China’s credit unexpectedly shrank in April, reflecting weak borrowing demand as the central bank refrained from easing monetary policy. Aggregate financing, a broad measure of credit, was 12.7 trillion yuan ($1.8 trillion) in the first four months of the year, according to data released by the People’s Bank of China on Saturday. That dropped from 12.9 trillion yuan in the first quarter, and compared with the median estimate of 13.9 trillion yuan among economists surveyed by Bloomberg. Financial institutions offered 10.2 trillion ...
Chinese banks extended 3.09 trillion yuan ($426.95 billion) in new yuan loans in March, up from February but falling short of analyst expectations. Analysts polled by Reuters had predicted new yuan loans would soar to 3.56 trillion yuan in March from 1.45 trillion yuan the previous month. Data released by the People's Bank of China on Friday showed new loans totaled 9.46 trillion yuan in the first quarter. The central bank did not give figures for March alone; Reuters calculations based on the central bank data showed new loans were ...
The People’s Bank of China published credit indicators for February after the Friday market close. Unlike the usual monthly release, the PBoC released data in a year-to-date form, likely to avoid the distortion from seasonality. For the first two months of the year, aggregate financing was down RMB 1.1tn or around -12% year-on-year and new RMB loans were down around RMB 930bn or -13.8% YoY. On the surface, February's data was disappointing, with aggregate financing down from RMB 6.50tn to RMB 1.56tn, and new loans down from RMB ...
post: #CHINA FEB. M2 MONEY SUPPLY RISES 8.7% Y/Y; EST. 8.8% - BBG *CHINA FEB. M1 MONEY SUPPLY RISES 1.2% Y/Y *CHINA FEB. M0 MONEY SUPPLY RISES 12.5% Y/Y *CHINA JAN.-FEB. NEW YUAN LOANS 6.37T YUAN: PBOC *CHINA JAN.-FEB. AGGREGATE FINANCING 8.06T YUAN: PBOC
New bank loans in China jumped by more than expected to an all-time high in January, as the central bank moved to shore up the sputtering economy, reinforcing expectations for more stimulus in the coming months. Policymakers have pledged to roll out further measures to support the weaker-than-expected post-COVID recovery in the world's second-largest economy, amid a deep property crisis and prolonged stock market rout. Chinese lenders tend to front-load loans at the beginning of the year to get higher-quality customers and win market ...
Chinese banks extended 1.17 trillion yuan ($163.31 billion) in new yuan loans in December, up from November but falling short of analysts' expectations. Analysts polled by Reuters had predicted new yuan loans would rise to 1.40 trillion yuan in December from 1.09 trillion yuan the previous month, and against 1.4 trillion yuan a year earlier. Broad M2 money supply grew 9.7% from a year earlier, central bank data showed on Friday, below estimates of 10.1% forecast in the Reuters poll. M2 grew 10.0% in November from a year earlier. ...
Released on Jun 14, 2024 |
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Released on May 11, 2024 |
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Released on Apr 12, 2024 |
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Released on Mar 15, 2024 |
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Released on Feb 9, 2024 |
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Released on Jan 12, 2024 |
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