Description
China Money Multiplier is published by the People's Bank of China (PBOC) and measures the multiple by which the base money is transformed into the broader money supply. It is an important indicator for assessing the expansion capacity of money supply and the ability of banks to create credit. A higher money multiplier typically indicates a strong credit creation capability within the financial system and active economic activity, while a lower money multiplier may suggest sluggish credit growth or a tightening monetary policy.