Collapse Of China Credit Growth Opens Door For Rate Cuts
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Collapse Of China Credit Growth Opens Door For Rate Cuts

By Ye Xie, Bloomberg Markets Live analyst and reporter

Three things we learned last week:

1. China’s credit growth plunged. Friday’s data showed banks lent 645 billion yuan ($94.9 billion) of new loans in April, when Shanghai was locked down. It was less than half of the amount expected, and the lowest since 2017. The credit slump creates a strong case for policy easing, as Bloomberg economist David Qu wrote. Indeed, nine...

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