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MNI China Liquidity Index™ – Falls To 41.5 in December

Key Points – December Report

BEIJING (MNI) – China’s interbank liquidity conditions eased in December as the central bank injected a record amount of funds to counteract large government bond issuance and to prepare for peak season demand.

On the economy, local traders remained cautious despite reasonable November economic data but expect more PBOC action to sure up the recovery in 2024, the latest MNI Liquidity Conditions Index showed.

-- The MNI China Liquidity Condition Index eased to 41.5 from November’s 56.4, with 36.6% of traders reporting looser conditions versus 20.5% previous.

-- The MNI China Economy Condition Index increased to 64.6 in December from 60.3 previous, with 46.3% of traders seeing an improvement versus 17.1% who noted a decline.

-- The MNI China PBOC Policy Bias Index read 34.1, with 68.3% of local traders expecting the PBOC to maintain prudent monetary policy.

Click below for the full press release:

MNI China Liquidity Index December Presser 2023.pdf

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

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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