MNI BRIEF: Fed’s Kugler-Inflation Undershoot Not Baseline Case

TRUDEAU GOVERNMENT SURVIVES FIRST NONCONFIDENCE VOTE

MNI POLICY: EU Wants Poland To Adjust Deficit More Slowly

MNI BRIEF: Czech National Bank Cuts Rates By 25 Basis Points

MNI SEPT CHINA MONEY MARKET INDEX 30.2

MNI: PBOC Sets Yuan Parity Lower At 7.0202 Weds; +3.76% Y/Y

EZ/UK Bond Supply Calendar: 5/5/10-Year BTPs / CCTeu Due Friday

US EIA: CRUDE OIL STOCKS EX SPR -4.47M TO 413.0M SEP 20 WK

MNI: US AUG NEW HOME SALES -4.7% TO 0.716M SAAR

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHINA: Central Bank Cuts Key Policy Rate and Withdraws Liquidity.

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • A day after a raft of policy initiatives the PBOC announced a cut in the Medium-Term Lending Facility (“MLF”) in a bid to boost lending.
  • The MLF was reduced to 2.0% from 2.3% and CNY300bn was injected into the financial system as part of the operation.
  • As part of the morning’s operation, the PBOC also issued CNY196.5bn of 14-day reverse repo at 1.85%.
  • With CNY591bn of maturities due, the issuance of CNY300bn represented a net liquidity withdrawal of CNY291bn ahead of next week's National Holidays. 
85 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • A day after a raft of policy initiatives the PBOC announced a cut in the Medium-Term Lending Facility (“MLF”) in a bid to boost lending.
  • The MLF was reduced to 2.0% from 2.3% and CNY300bn was injected into the financial system as part of the operation.
  • As part of the morning’s operation, the PBOC also issued CNY196.5bn of 14-day reverse repo at 1.85%.
  • With CNY591bn of maturities due, the issuance of CNY300bn represented a net liquidity withdrawal of CNY291bn ahead of next week's National Holidays.