Global Liquidity Latest: Shanghai’d (Temporarily) By Beijing?

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Global Liquidity Latest: Shanghai'd (Temporarily) By Beijing?

 

·                Since the GFC, new liquidity provisions have been largely controlled by changes in the size of Central Bank balance sheets. These now have a staggering 3-3½ times the impact on Global Liquidity they previously had.

 

·                China is the elephant-in-the-room, since the People's Bank (PBoC) continues to squeeze liquidity lower, cutting liquidity by a huge 20% at an annualised rate

 

 

 

 

See our latest published research, Global Liquidity Latest – January 2022

 

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