MNI China Liquidity Index™ – Liquidity Reamains Loose In March
Liquidity remains loose despite PBOC drain and macro-pru functions, according to the MNI China Liquidity Index
Key Points – March Report
MNI China Liquidity Index™ – Conditions Remain Loose In March
BEIJING (MNI) – China’s interbank market liquidity condition remained loose in March despite, tightening modestly on last month, as the central bank net-drained funds for the first time in 15 months and banks face a quarterly macro-prudential assessment (MPA), the latest MNI Liquidity Conditions Index showed.
The MNI China Liquidity Condition Index stood at 33.3 in March, up from February’s 22 month low of 26.8. In total 42.9% of traders saw looser conditions with 47.6% reporting no change.
The higher the index reading, the tighter liquidity.
Click below for the full press release:
MNI China Liquidity Index March Presser 2024.pdf
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