Global Liquidity Watch: Weekly Update
Global Liquidity Edged Higher Last Week But …
Global liquidity edged higher last week to US$176.6tr, according to measures derived from the weekly balance sheets of the major Central Banks and collateral values. Still, the slowdown in global liquidity growth continues. Central Banks – particularly the Fed – need to step up to avoid a liquidity shortfall in Q3 when the debt refinancing season comes around. If the current slowing trend continues through June, risk assets and liquidity-sensitive cryptocurrencies will struggle in Q3. For now, they are supported by the +US$5tr liquidity expansion in Q1.
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