Free Trial

The net drain in liquidity that.........>

CHINA PRESS
CHINA PRESS: The net drain in liquidity that occurred over the last two days via
the central bank's open market-operations does not mean its "neither tight nor
loose" monetary policy has changed, the Financial News, a journal run by the
People's Bank of China, reported Friday, citing analysts. Liquidity pressure in
August will be less than it was in July, given greater fiscal expenditures and
fewer tax payments by corporations, the report said, adding that falling demand
for foreign exchange purchases will also contribute to the stable liquidity
situation. The strengthening yuan exchange rate is a positive influence on
liquidity, the report noted. (Financial News)

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.