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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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PBOC May Use More Flexible MLF Injections: Daily
The PBOC has signaled that it may keep the previously fixed-date MLF injections more flexible in the future following the CNY200 billion operation on Monday, the Economic Information Daily said citing Ming Ming, the chief fixed-income analyst with Citic Securities. The injection on Monday sought to maintain month-end liquidity and prepare for the CNY300 billion MLF rolling over on Dec 7, at a time when banks must pay required deposits to the PBOC. The PBOC normally issues MFL on the 15th day of the month. The MLF and increased fiscal spending in the coming month should help ease long-term debt pressure on banks in addition to a series of SOE bond defaults and competition to win deposits, Ming said.
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.