FX Expert Funded

China June M2 money supply +6.2% vs +6.8% y/y expected

Prior +7.0%New yuan loans ¥2.13 trillionPrior ¥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.

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

Leave a Comment

Your email address will not be published.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

Call Now