Key Points – June Report
Introducing the updated MNI China Money Market Index (MMI), formerly the MNI China Liquidity Index, which has been adapted to reflect the PBOC's monetary policy.
China interbank money market traders see the central bank supporting liquidity through ongoing trade tensions, raising chances for further easing as pressures on exports will show from the second quarter, MNI’s China Money Market survey showed.
- The MNI China Money Market Index was lower in June as traders saw lower chance of easier policy as trade concerns ease somewhat.
- The MNI China Money Market Current Conditions Index fell in June as conditions deteriorated very modestly, as signalled by MNI’s May survey.
- The MNI China Economic Outlook Index inched higher in June as sentiment improved.
The MNI survey collected the opinions of 46 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 June 6 to June 20.
