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MNI China Liquidity Index™ – Jumps to 51.3 in April

MNI (BEIJING) - China’s interbank market liquidity tightened in April but remained ample, as the People’s Bank of China (PBOC) moved to stabilize conditions following Q1’s fast expansion, and firms withdrew funds to meet tax deadlines. At the same time local traders reported economic sentiment failing as Q1 economic data showed an uneven recovery and weak CPI print, the latest MNI China Liquidity Survey showed.

The MNI Liquidity Condition Index reached 51.3 in April, up from 37.5 last month, as 23.7% of local traders reported conditions tightened, but 55.3% saying unchanged from March's ample conditions.

The higher the index reading, the tighter liquidity.

  • The Economy Condition Index slipped to 68.4, following last 75.0 reading.
  • The PBOC Policy Guidance Index read 57.9, picking up from last months’ 56.9.

Click below for the full press release:

MNI China Liquidity Index April 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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