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Latest PBOC Move Marks Start Of New Interest Rate Corridor

CHINA PRESS
MNI (BEIJING)
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The PBOC’s decision to use temporary repurchase and reverse repurchase tools marks the operational start of a new interest rate corridor, according to Wang Qing, chief macro analyst at Golden Credit Rating. However, capital and money markets face limited disturbance given they have followed the new corridor for some time, Wang added. Zhang Xu, chief fixed income analyst at Everbright Securities, said the central bank still aims for reasonable liquidity to finance the real economy, and will not allow investors to speculate on interest rate products. (Source: Securities Daily)

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The PBOC’s decision to use temporary repurchase and reverse repurchase tools marks the operational start of a new interest rate corridor, according to Wang Qing, chief macro analyst at Golden Credit Rating. However, capital and money markets face limited disturbance given they have followed the new corridor for some time, Wang added. Zhang Xu, chief fixed income analyst at Everbright Securities, said the central bank still aims for reasonable liquidity to finance the real economy, and will not allow investors to speculate on interest rate products. (Source: Securities Daily)