Global liquidity driven higher by derivatives and euro lending
Cross-border flows of liquidity rose higher in the third quarter of 2022, with growth of euro lending running much faster than credit in dollars, statistics published by the Bank for International Settlements show.
The latest global liquidity indicators show banks’ cross-border claims expanded $1.1 trillion during Q3, growth of 10% year on year. The vast majority of the change was driven by expanding derivatives positions, particularly claims on the UK.
Cross-border credit flows, which made up
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