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MNI CHINA LIQUIDITY INDEX: Liquidity Boost; Economy Slowing

MNI (Singapore)
(MNI) London

As China's economy slows and demand for credit drops, local traders see pick up in overall money market liquidity conditions.

True

With further lockdowns and Covid-related restrictions across the economy, demand for credit has slowed, leaving an abundance of liquidity in the system, which, along with central bank operations, has pushed short-term money market rates lower, the latest MNI Liquidity Conditions Index shows.

The Liquidity Condition Index slipped to 12.5 in May, down from 30.0 in April, touching the second lowest reading since the breakout of the Covid in early 2020. As many as three-quarters of traders reporting conditions improved on April.

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With further lockdowns and Covid-related restrictions across the economy, demand for credit has slowed, leaving an abundance of liquidity in the system, which, along with central bank operations, has pushed short-term money market rates lower, the latest MNI Liquidity Conditions Index shows.

The Liquidity Condition Index slipped to 12.5 in May, down from 30.0 in April, touching the second lowest reading since the breakout of the Covid in early 2020. As many as three-quarters of traders reporting conditions improved on April.

Keep reading...Show less