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MNI CHINA LIQUIDITY INDEX: Liquidity Seen Tighter; Covid Hits

MNI (Singapore)
(MNI) London

Liquidity conditions across China's money markets tightens in November as PBOC drains funds, traders say.

True

China’s interbank market liquidity conditions tightened in November, despite renewed Covid concerns, as the Peoples’ Bank of China, drained funds from the system, the latest MNI Liquidity Conditions Index shows.

The Liquidity Condition Index, surged to 69.1 from 46.9 last month, with over half of respondents reporting tighter conditions, especially in the first half of the month. The index marked the highest reading of the year.

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China’s interbank market liquidity conditions tightened in November, despite renewed Covid concerns, as the Peoples’ Bank of China, drained funds from the system, the latest MNI Liquidity Conditions Index shows.

The Liquidity Condition Index, surged to 69.1 from 46.9 last month, with over half of respondents reporting tighter conditions, especially in the first half of the month. The index marked the highest reading of the year.

Keep reading...Show less