Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Liquidity across China's interbank money market tightened very modestly in December, despite the People’s Bank of China’s surprise RRR cut, the latest MNI Liquidity Conditions Index shows.
The Liquidity Condition Index stood at 42.9 in December, up from the 38.9 recorded in November. The higher the index reading, the tighter liquidity appears to survey participants.
- The Economy Condition Index stood at 8.9,as it fails to recover from the single digit readings seen through much of the Autumn and early Winter.
- The PBOC Policy Bias Index remained below 50 for a 6 th consecutive month.
- The Guidance Clarity Index was little changed, as respondents again claim to understand the signals from the PBOC despite the RRR surprise.
The MNI survey collected the opinions of 28 traders with financial institutions operating in China's interbank market, the country's main platform for trading fixed-income and currency instruments, and the main funding source for financial institutions.
Interviews were conducted December 6–/17.
Click below for the full press release:
MNI_China_Liquidity_Index_-2021-12_presser.pdf
For full database history and full report on the MNI China Liquidity Index™, please contact:sales@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.