Evidence that Liquidity Injections Are Working?

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Evidence that Liquidity Injections Are Working?

 

Weekly balance sheet data from the World’s major Central Banks show aggregate liquidity  growth picking up to 20% (3m ann.).

 

The PBoC and, to a lesser degree, the Fed are behind the upward move. The ECB is still expanding at the fastest clip among the majors (nearly 40% 3m ann.), although this has been tempered. Elsewhere, liquidity growth is similar to the previous week.

 

Latest economic data point to weak growth and a lack of momentum, but, encouragingly, no deterioration, despite the recent lockdowns. Is this evidence that the injections are working?

 

 

 

 

See our latest published research, Weekly Global Liquidity Update 12 February 2021

 

 

For further information, or to change user options, please contact us at crossbordercapital@liquidity.com 

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