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PBOC

A BBG headline notes that the "PBoC sees less cash withdrawal need before holidays this year." We read that as a lower LNY holiday cash demand owing to the COVID-19 dynamic, which could result in less need for liquidity injections from the PBoC. This had been flagged by us, and others, as a potential outcome previously.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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