The typical/expected market impact of this event is low.
There is no forecast value for New Loans yet - check back for updates.
Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for New Loans was 3640B against a forecast of 3000B.
Recent economic data has been strongly bearish for CNY. Other recent announcements which may affect the market's interpretation of the next New Loans result:
Previous | Latest | ||||
---|---|---|---|---|---|
Exports (YoY) | Bearish change | 12.4% | 8.1% | ||
Exports (YoY) CNY | Bearish change | 13.5% | 9.3% | ||
Imports (YoY) | Bullish change | -4.3% | -0.2% | ||
Imports (YoY) CNY | Bullish change | -3.5% | 0.8% | ||
Trade Balance CNY | Bearish change | 736.72B | 689.99B | ||
Trade Balance USD | Bearish change | $102.64B | $96.18B | ||
Caixin Services PMI | Bearish change | 51.9 | 50.7 | ||
Caixin Manufacturing PMI | Bearish change | 51.2 | 50.4 | ||
NBS Manufacturing PMI | Bearish change | 50.5 | 49 | ||
NBS Non-Manufacturing PMI | Bearish change | 50.8 | 50.4 |
Country: | China |
---|---|
Currency: | CNY |
Source: | The People's Bank of China |
Category: | Consumption |
Frequency: | Monthly |