Global Liquidity Watch: Weekly Update

Global liquidity conditions are improving, and encouragingly Central Banks seem to be stirring

Global liquidity conditions continue to improve, and encouragingly Central Banks seem to be stirring – at last. We have noted in recent articles that collateral values were the key driver of rising global liquidity levels from early July. They have been bolstered in the last week or so by the PBoC and Fed. These are the World’s largest Central Banks and so make a big impact. We expected a better Q3 after the Q2 setbacks … maybe this is the start?