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<Econ>PBOC: New RMB Loans in 2M26 at RMB5.61T, vs Expected RMB5.576T
At the end of February, the balance of domestic and foreign currency deposits stood at RMB345.72 trillion, up 8.8% YoY, according to data released by the People's Bank of China...
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<Econ>PBOC: New RMB Loans in 2M26 at RMB5.61T, vs Expected RMB5.576T
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At the end of February, the balance of domestic and foreign currency deposits stood at RMB345.72 trillion, up 8.8% YoY, according to data released by the People's Bank of China (PBOC). The balance of RMB deposits at the end of the month reached RMB337.94 trillion, up 8.7% YoY.

In 2M26, RMB loans increased by RMB5.61 trillion, higher than the market consensus of a RMB5.576 trillion hike. By department, household loans decreased by RMB194.2 billion , with short-term loans falling by RMB359.6 billion and medium-to-long-term loans rising by RMB165.4 billion.

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