Global Liquidity Watch: Weekly Update

Global Liquidity Reaches a Record High. Risk Assets Benefit

Global liquidity has reached a record high of US$184.6 trillion, driven by falling bond market volatility and slower quantitative tightening from the BoJ and ECB, though weaker liquidity growth from the Fed and PBoC and a strengthening US dollar are dampening the expansion. Risk assets continue to benefit from this overall positive liquidity backdrop