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CHINA RATES

China Repo Rates Decline: Wind

CHINA PRESS
MNI (London)
CHINA PRESS: China's central bank may not follow a Fed interest rate hike in
December, but continue to keep liquidity at a "reasonable and ample" level via
reserve requirement ratio cuts, reverse repos and the medium-term lending
facility, said Securities Daily Monday, citing Wang Qing, chief macroeconomic
analyst at credit rating agency Dongfang Jincheng.
- The central bank's latest monetary policy report shows that current liquidity
is still failing to flow into the real economy, Wang said. Before the tight
credit condition eases, money market rates are unlikely to turn higher, the
Daily said, citing Wang.
- Policymakers will continue to guide funds to serve private and small companies
via expanding credit limits, lowering loan interest rates, providing guarantees
and rediscounting, the report said.
(Link to the story: https://bit.ly/2zK65s9)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com