Bank loan growth jumped to a 17-month high in March. And broad credit growth rose to its highest since December. Both were stronger than most anticipated. We expect broad credit growth to accelerate a little further as demand remains robust and base effects become more favourable in the next few months. But this upward trend may not be sustained in the second half of the year, due to regulatory restrictions on lending, linked to concerns about financial risk, and the restrained policy settings announced at the National People’s Congress last month.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services