China Speeds Up The Rate of Monetary Expansion In September

(For September 2010)

The most broad measure of money supply – M2 rose 19.0% YoY in September vs. 18.9% consensus and 19.2% growth in August. Slight tick up in money supply growth.

Chart 1. China Monetary Aggregates

China new loans rose CNY 595.5 billion in September vs. CNY 545.2 billion in August and consensus of CNY 500.0 billion. Total new loans for this year are currently at CNY 6.3 trillion; 84% of the annual target. POBC will not live up to its target.

Chart 2. China New Loans


This entry was posted on Wednesday, October 13th, 2010 at 4:58 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.


Get Adobe Flash player