Easier monetary setting
Print Edition
CHINA’S monetary environment eased slightly in May from a month ago as growth in money supply accelerated, but easing measures are still needed to bolster economic growth, the latest HSBC China Monetary Conditions Indicator showed.
The MCI, measuring the relaxation of monetary conditions, rose to -5.9 in May from -6.2 in April.
This is the first monthly rise since February, and HSBC viewed it as the first sign that monetary conditions may be bottoming out.
The increase of M2, the broad measure of money supply, accelerated to 10.8 percent in May from 10.1 percent in April, which was cited as one of the major factors for the easier environment, the MCI showed.
HSBC predicted a combined 2.5-percentage-point cut in bank reserve requirement ratio and a 0.5-percentage-point trim in interest rates for the remainder of this year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
