(MNI) LONDON
Liquidity conditions across China's money markets tightens in January, traders say.
The higher the index reading, the tighter liquidity appears to survey participants.
- The Economy Condition Index stood at 61.1, picking up sharply from December's 27.1, with sentiment higher as the economy reopens.
- The PBOC Policy Bias Index remained below 50 for a 19th consecutive month.
- The Guidance Clarity Index was little changed, as respondents again claim to understand the signals from the PBOC.
The MNI survey collected the opinions of 36 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 January 9 – January 20.
Click below for the full press release:
MNI China Liquidity Index_January Presser 2023.pdf
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