China February YTD Aggregate Financing (CNY) 9.6tln (exp. 9.245tln); New Yuan Loans 5.61tln (exp. 5.576tln); M2 Money Supply 9% Y/Y (exp. 8.9%)
Newsquawk Staff ·
China February YTD Aggregate Financing (CNY) 9.6tln (exp. 9.245tln); New Yuan Loans 5.61tln (exp. 5.576tln); M2 Money Supply 9% Y/Y (exp. 8.9%)
What it means
China's February YTD Aggregate Financing came in at 9.6 trillion CNY, exceeding expectations and indicating stronger liquidity conditions than anticipated. Meanwhile, New Yuan Loans and M2 Money Supply also outperformed forecasts, suggesting steady credit growth which could provide support for economic activity going forward. This data may influence market sentiment around growth prospects in China, impacting commodities and currencies tied to Chinese consumption and investment dynamics.
- BoC hikes rates by 25bps as expected to 2.5%; says there could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)
- China (Sep) outstanding individual mortgage loans -4.1% Y/Y; outstanding property loans -5.2% Y/Y
- BoJ Core CPI YY (Sep) 3.2% (Prev. 2.6%)
- Chinese Industrial Profits (Sep YY) 14.4% (Prev. 4.2%)
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