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.
The People's Bank of China is set to drain short-end liquidity to prevent market rates from falling far from policy rates over the next month, while continuing to inject long-end liquidity to support credit and economic growth, MNI’s China Money Market Index indicated, with traders expecting no change to the ample liquidity policy stance over the short term.
The MNI China Money Market Index fell inApril, slipping from the 50 mark.
The MNI China Money Market Current Conditions Index edged modestly lower, still sitting close to recent lows.
The MNI China Economic Outlook Index was lower, as concerns over the impact Iran conflict on the economy grew.
The MNI survey collected the opinions of 51 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 institu
