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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China Crude Oil Imports Accelerate In November
MNI BRIEF: RBA Holds, Notes Declining Inflation Risk
MNI BRIEF: Net MLF Drain Not Sign Of Tight Liquidity - Paper
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.
The paper stressed the PBOC had not changed its stance of keeping liquidity ample at a reasonable level. “There are significant reductions in demand for the MLF from some financial institutions, compared to their maturing volume, resulting in the total MLF operation being less than the maturing volume,” experts said, noting the current market liquidity is generally loose, considering previous reserve requirement ratio reductions and cash increase after the Spring Festival. (See MNI INTERVIEW: PBOC To Cut Rates To Boost Credit - Zhang Bin)
To read the full story
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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.