银行业6月金融数据点评:信贷季节性回暖 存款“活期化”初现

开源证券
15 Jul

受低基数、地方政府化债等因素影响,M1、M2 增速明显回升6 月新口径下的M1 同比增速为 4.6%,环比上升2.3pct;M2 同比增速为 8.3%,环比上升0.4pct,除了低基数效应外,地方政府化债或催化企业短贷,进而改善企业流动性以提振M1。非银存款同比多减3400 亿元,非银存款季末月份通常负增长,或与理财季末回表导致的规模下降有关。社融:政府债发行提速、一般性信贷需求季节性回暖6 月...

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