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China February M2 money supply +12.9% vs +12.5% y/y expected

China February M2 money supply +12.9% vs +12.5% y/y expected
  • Prior +12.6%
  • New yuan loans ¥1.8 trillion vs ¥1.5 trillion expected
  • Prior ¥4.9 trillion

Money supply growth continues to expand with new yuan loans also seen at a hefty level for the month, reaffirming that China is taking steps to bolster credit conditions and propping up the economy.

This article was written by Justin Low at www.forexlive.com... Read More
Posted: Mar 10 2023, 08:34
Author Name: forexlive
Views: 102574

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