Free Trial

PBOC Unlikely to Cut RRRs after MLF Injection: Daily

CHINA PRESS

The PBOC may not cut banks' required reserve ratios across the board after it injected CNY60 billion through MLF with the rate unchanged at 2.95% in September, providing liquidity to banks and giving structured deposit funds time to settle, the Economic Information Daily reported citing Wang Qing, an analyst from Golden Credit Rating. With CNY1.4 trillion MLF expiring by the end of the year, the PBOC is expected to continue meeting liabilities with MLFs rather than RRR cuts while maintaining LPR in September, Wang Yifeng, an analyst from Everbright Securities, told the Daily.

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.