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5月宏观经济数据显示增长动力平稳缓和我们认为政策放松的可能性不大;就业市场仍相对紧固银行间市场受到监管新规和前段时间流动性紧张影响,但不会出现流动性危机前段时间发布的5月份宏观经济数据似乎令满心期待经济增长动呈现进一步恢复迹象的市场失望,但在我们看来,有证据表明经济增长动能虽然缓慢但保持稳定。本文将逐个分析宏观经济数据,阐述我们认为货币政策不会因此放松的原因。同时对银行间同业市场利率进
May macroeconomic data showed a steady easing of growth momentum We think the policy is unlikely to ease; the job market is still relatively tight Interbank market is subject to regulatory new regulations and liquidity tensions a while ago, but there will be no liquidity crisis some time ago The release of the May macroeconomic data seems to be filled with anticipation of disappointing market disappointments, but in our opinion there is evidence that the momentum of economic growth is slow but stable. This article will analyze macroeconomic data one by one and explain why we think monetary policy will not be relaxed. At the same time on the interbank market interest rates into