Free Trial

PBOC Seen Preferring OMOs to Keep Liquidity: News

CHINA PRESS

The PBOC is likely to use open market operations while shunning RRR cuts to maintain liquidity and interest rates at a stable level, the Shanghai Securities News said citing Wen Bin, a researcher from China Minsheng Bank. The PBOC left LPRs unchanged for the sixth month as the strengthening economy forestalled looser policies, the newspaper reported citing comments by Wang Qin, the macro-analyst from Golden Credit Rating. Future fiscal expenditures will improve the liquidity and reduced structured deposits will help banks cut debt costs and push for a decrease in real loan interest rates, Wen 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.