China M2 money supply May yy +11.8% vs +12.5% exp

15 June 2016, 11:03
Sherif Hasan

Latest Chinese lending data out from the PBOC 15 June 2016

  • yuan lending yy +14.4% vs +14.2% exp
  • new yuan loans 985.5bln yuan vs 750bln exp
  • fx deposits $658bln vs 666.8bln end-April
  • outstanding total social financing up 12.6% yy end-May

China's broadest measure of new credit slowed for the second month on the spin.

Not good especially after the IMF highlighted this area in their review yesterday.

Plenty more work to do for the PBOC

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