Free Trial

China Interbank Liquidity Seen Loose in March: Journal

CHINA PRESS
MNI (Singapore)

China’s interbank liquidity will likely be loose in March, as monetary injection and fiscal deposits at commercial banks rise and banks are inclined to boost credit, the China Securities Journal reported citing Zhou Maohua, a researcher with Everbright Bank. There will be relatively less maturing tools that drain liquidity next month, including CNY300 billion reverse repos and CNY100 MLF, the newspaper said. The PBOC will flexibly use various tools to keep the movement of market interest rates around policy rates, Zhou was cited as saying. The central bank injected net CNY280 billion on Tuesday and Wednesday to keep month-end liquidity stable, the newspaper said.

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.