LiquidityMultiple Central BanksWeekly
Global Liquidity Index
What is Global Liquidity Index?
Aggregate balance sheets of Fed, ECB, BOJ, PBOC converted to USD.
Why it matters
The tide that lifts or sinks all boats.
How to read prints
When it rises
Aggregate central-bank liquidity expanding; supportive of risk.
When it falls
Liquidity contracting; pressures risk-asset multiples.
Frequently asked
What is Global Liquidity?⌄
The aggregate balance sheet of major central banks (Fed, ECB, BoJ, PBoC, BoE), often expressed in USD trillion at current FX. Different desks calculate this slightly differently.
Why does it matter?⌄
It is one of the most consistent macro drivers of risk-asset valuations over multi-quarter horizons. Major equity drawdowns historically coincide with liquidity contractions.
How is it different from M2?⌄
M2 is bank-issued money in one country. Global liquidity is central-bank reserves across multiple jurisdictions, before bank multiplication.
Is global liquidity expanding now?⌄
Track the Market Ontology liquidity regime dashboard for the current reading and trend across the major five central banks.
Track it on Market Ontology
Monitor Global Liquidity Index in real time on Liquidity & Central Banks, alongside regime classification, transmission mapping, and cross-asset context.
| Source | Multiple Central Banks |
| Frequency | Weekly |
| Category | Liquidity |
| Unit | USD trillion |
| Related Module | Liquidity & Central Banks |
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