Key Points - May 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 higher in May as traders saw lower chance of easier policy as trade concerns ease somewhat.
- The MNI China Money Market Current Conditions Index fell in May as conditions improved very modestly, as signalled by MNI’s April survey.
- The MNI China Economic Outlook Index edged rose in May 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 May 12 to May 23.