Free Trial

PBOC To Remain Flexible In Its Open Market Operations

CHINA PRESS
MNI (Singapore)

The People’s Bank of China drained liquidity from the interbank market after Chinese New Year to mop up a big injection it made before the holiday, but analysts predict the central bank will remain flexible in its open market operations and keep liquidity ample amid the economic recovery in a bid to reduce funding costs, China Securities Journal reported Tuesday. The PBOC drained a net CNY1.44 trillion in the past 8 trading days to prevent the excess liquidity flooding the market as the bank injected a net CNY2.05 trillion in the week before the new year, marking the largest weekly injection in history, the report pointed out.

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.