M2 Year-on-Year Growth Expected to Hit 11.2% in March

351

On the eve of the release of key economic and financial data by China’s central bank, economists foresee an expansion in the M2 money supply in excess of 11%.

A Caixin survey of economists from 12 financial institutions found that the maximum forecast for year-on-year M2 growth at the end of March was 11.4% and the minimum was 10.8%, for a median of 11.2%.

With respect to new loans in March the maximum forecast was 1,700 billion yuan, and the minimum was 1,000 billion yuan, for a median 1,200 billion yuan and an average of 1,266.7 billion yuan.

Lian Ping, chief economist with Bank of Communications, expects year-on-year M2 growth to hold steady, and lending to fall beneath consensus forecasts.

LEAVE A REPLY

Please enter your comment!
Please enter your name here