The typical/expected market impact of this event is low.
The consensus forecast for New Loans is 300B. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The most recent announced value for New Loans was 2990B against a forecast of 3400B.
Recent economic data has been moderately bullish for CNY. Other recent announcements which may affect the market's interpretation of the next New Loans result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Consumer Price Index (MoM) | Bullish change | -0.7% | 0.3% | ||
| Consumer Price Index (YoY) | Bullish change | 1% | 1.2% | ||
| Producer Price Index (YoY) | Bullish change | 0.5% | 2.8% | ||
| RatingDog Services PMI | Bullish change | 52.1 | 52.6 | ||
| RatingDog Manufacturing PMI | Bullish change | 50.8 | 52.2 | ||
| NBS Manufacturing PMI | Bearish change | 50.4 | 50.3 | ||
| NBS Non-Manufacturing PMI | Bearish change | 50.1 | 49.4 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | The People's Bank of China |
| Category: | Consumption |
| Frequency: | Monthly |