Global Liquidity Watch: Weekly Update

Global Liquidity levels are rising

Dec 06, 2023

∙ Paid

Global liquidity levels are rising according to latest data. The chart below shows our weekly measure of Global Liquidity growth derived from Central Bank balance sheet data. The +5.7% rate is the fastest recorded since April. In nominal terms, liquidity has risen to US$168.1tr, just a tad below the year’s high of US$168.7tr recorded at the time of the SVB crisis. The data further confirm our view that liquidity bottomed in October 2022 when it hit US$158.8tr. We expect liquidity levels to continue to rise before peaking in late-2025.

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