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MNI EM CHINA LIQUIDITY INDEX:Liquidity Most Ample In 22 Months

MNI (BEIJING)
MNI (Beijing)

The PBOC will step up monitoring of idle funds in the financial system.

China’s interbank market liquidity reached a 22-month-high in April, leading the PBOC to net-drain for the second consecutive month, the latest MNI Liquidity Conditions Index showed.

“Liquidity is ample, authorities have reduced using 7-day reverse repos injections and kept a relatively low open market operation volume of CNY2 billion to avoid excess funds,” a Shanghai trader told MNI.

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China’s interbank market liquidity reached a 22-month-high in April, leading the PBOC to net-drain for the second consecutive month, the latest MNI Liquidity Conditions Index showed.

“Liquidity is ample, authorities have reduced using 7-day reverse repos injections and kept a relatively low open market operation volume of CNY2 billion to avoid excess funds,” a Shanghai trader told MNI.

Keep reading...Show less