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MNI China Liquidity Index™ – Jumps To 84.4 in August

MNI (London)

Key Points – August 2020 Report

Liquidity tightened in August, still seeing pressure from tax payments, local government bond issuance and the huge size of reverse repo maturities, the latest MNI Liquidity Conditions Index shows.

The Liquidity Condition Index stood at 84.4 in August, up from the 68.8 recorded in July. The higher the index reading, the tighter liquidity appears to survey participants.

  • The Economy Condition Index remains at elevated levels as the economy recovers, with all respondents seeing an improvement or unchanged outlook.
  • The PBOC Policy Bias Index was little changed, although almost 40% of those surveyed now saw the PBOS with a tightening bias.
  • The Guidance Clarity Index edged lower, although the central bank is still seen giving clear indications of its intentions.

Click below for the full press release:

MNI_China_Liquidity_Index_August_2020.pdf

For full database history and full report on the MNI China Liquidity Index™, please contact:sales@marketnews.com

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