Weekly Liquidity Update including our broader weekly liquidity measure

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Weekly Liquidity Update including our broader weekly liquidity measure

 

·           Latest weekly data derived from Central Bank balance sheet data show global liquidity expanding at a slower pace (6.4% 3m ann.) but clearly improving (1.8% 12m % chg.). In nominal terms, global liquidity now stands at US$167.9tr – an all-time high.

 

·           Latest weekly data for the major Central Banks show aggregate liquidity growth stable at 3.2% (3m ann. %) in local currency terms and ticking lower to 0.2% in US dollar terms (3m ann.). A combination of an expansive Bank of Japan (+19.7%), strong US Federal Reserve liquidity growth (+14.6%) and a less tight ECB (-7.6%) is offsetting the slowdown at the People’s Bank of China (-7.5%) and ongoing Bank of England QT (-13.9%).

 

 

See our latest published research, Weekly Global Liquidity Update 19th May 2023

 

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