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MNI BRIEF: Net MLF Drain Not Sign Of Tight Liquidity - Paper

MNI (Singapore)
(MNI)Beijing
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The People’s Bank of China executed the medium-term lending facility in line with market demand and has no intention to reduce its scale, said the Financial News, a newspaper under the central bank, citing experts.

The PBOC drained a net CNY94 billion via the MLF on Friday , the first net drain in 15 months, which concerned investors that the central bank may tighten liquidity to curb idle funds circling inside the financial system.

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The People’s Bank of China executed the medium-term lending facility in line with market demand and has no intention to reduce its scale, said the Financial News, a newspaper under the central bank, citing experts.

The PBOC drained a net CNY94 billion via the MLF on Friday , the first net drain in 15 months, which concerned investors that the central bank may tighten liquidity to curb idle funds circling inside the financial system.

Keep reading...Show less