Global Liquidity Watch: Weekly Update
Sluggish Global Liquidity Growth
We remain in a temporary “air pocket” which we hope will turn out to be a Q2 event. We have been expecting this. It stems from heavy US tax payments in April and an end-quarter jump in reverse repurchase agreements (RRPs). Added to this Asian Central Banks (China and Japan) have squeezed for weak currency reasons. Q3 could be very different?
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