China's central bank is facing pressure amid calls for rate cuts as falling bond yields challenge its resolve to curb financial stability risks. The M2 money supply growth in China slowed to a record low, with M1 experiencing a sharp contraction, reflecting economic challenges and policy dilemmas.
China’s M1 declined 4.2% in May, the lowest on record. BUT - Financial data were distorted before by a practice where banks rigged the lending system by manually adjusting deposit rates higher 手工贴息 to reach the deposit target they were required to reach. Meanwhile,… https://t.co/7yWqtm0fI5
🇨🇳In one worrying sign for China’s policymakers, the M1 money supply gauge — which includes cash in circulation and corporate demand deposits — fell 4.2% from a year earlier, the sharpest contraction in data going back to 1996. - Bloomberg https://t.co/C2KYMzsXfT
China’s credit growth received a boost from more government bond sales in May, but loans slowed again, a sign of stalling demand. https://t.co/UBQ5hZ6VAm
The People's Bank of China, the country's central bank, said on Friday that China's outstanding aggregate social financing came in at 391.93 trillion yuan ($54.02 trillion) as of the end of May, up 8.4 percent year-on-year. https://t.co/csKFKexr7Q
🇨🇳Chinese official media: Notably, the recent decline in #M1 growth is related to issues such as regulating manual interest supplementation and the diversion of deposits. The slowdown in M1 growth also reflects the economic transformation and upgrading, as well as improvements in… https://t.co/4VCfUNcRpK
Falling bond yields leave China's central bank facing tough call - Reuters https://t.co/YaOq1HPo5M
1/4 China's aggregate financing in May rose less than expected, by RMB 2.07 trillion, or up 8.4% year on year, driven mainly by a pickup in government borrowing. https://t.co/AwAmO271jg
🇨🇳 #China M1 money supply (usually a leading indicator) fell 4.2% YoY in May (largest drop ever) *Real M1 (adjusted for CPI) fell 4.5% YoY in May (largest drop since Jan. 2000) https://t.co/NiM2GRB0DE
🔵 CHINA NEW BANK LOANS RISE FAR LESS THAN EXPECTED IN MAY New bank lending in China rebounded far less than expected in May and some key money gauges hit record lows, suggesting the world's second-largest economy is still struggling to regain its footing even as the central… https://t.co/Q5Br1PW3yn
🇨🇳 #CHINA M2 SLOWDOWN DOESN'T MEAN #PBOC TIGHTENING CREDIT: SEC TIMES
China Slowest M2 growth on Record M1 of -4.2%, lowest on record https://t.co/s25QOSK5Hg
China set to hold key rate as margin pressure, weaker yuan hamper policy easing https://t.co/EmhFlBnteU https://t.co/smaRb3jNdm
China M1 -1.40% YoY second lowest on Record M2 +7.2%, lowest YoY growth on record @MacroMicroMe https://t.co/dqenmIbAe2
CHINA MAY M2 GROWTH SLOWEST ON RECORD
CHINA MAY M2 GROWTH SLOWEST ON RECORD. https://t.co/ujdyzgGIUS
⚡#China May Money Supply: Aggregate financing 2.07 trillion yuan; M2 money supply +7.0% y/y; Est. +7.2%; M1 money supply -4.2% y/y; Est. -1.7%; M0 money supply +11.8% y/y; Prev. +10.8%; New yuan loans 0.95 trillion yuan. *Total outstanding yuan loans +9.3% y/y vs +9.6% in April.…
China May M2 money supply +7.0% vs +7.2% y/y expected https://t.co/NiRLfzZ2Y9
CHINA JAN.-MAY AGGREGATE FINANCING CNY14.8T; EST. CNY15.080T
CHINA OUTSTANDING TOTAL SOCIAL FINANCING 391.93 TRLN YUAN AT END-MAY
🔵 CHINA SET TO HOLD KEY RATE AS MARGIN PRESSURE, WEAKER YUAN HAMPER POLICY EASING China's central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans next Monday, a Reuters survey showed. Full Story via Reuters on PiQ… https://t.co/3IftXhX2zc
Falling bond yields leave China's central bank facing tough call https://t.co/L0Ax0qeo9y https://t.co/U2YKJmxDKE
🔵 ANALYSIS-FALLING BOND YIELDS LEAVE CHINA'S CENTRAL BANK FACING TOUGH CALL China's central bank faces a looming test of its resolve to curb the financial stability risks it sees in a rallying bond market as it runs counter to its view of the economy by depicting a long-term… https://t.co/KoV3jjXVAM
#China Faces Pressure Amid Calls for Rate Cuts https://t.co/G0TPUv5RT6
🇨🇳 #China’s Rate-Cut Calls Grow, Testing Resolve to Defend #Yuan – Bloomberg https://t.co/mHfl6rl0JX https://t.co/3ywhJ8swez