Global dollar liquidity ‘robust’ in face of Covid-19 – BIS data
Dollar credit to emerging markets passes $4 trillion mark as lending to non-banks rises
Global US dollar lending remained strong even during the opening stages of the Covid-19 pandemic, figures from the Bank for International Settlements show.
US dollar credit to non-bank borrowers outside the US grew 6% in the year to end-June 2020. Lending to emerging markets was slightly higher, at 7%, surpassing the $4 trillion mark for the first time, the latest BIS global liquidity indicators show.
The year-on-year growth rate of credit in euros, which had been faster than growth in dollar
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