Press "Enter" to skip to content

PBOC expected to inject more liquidity to fill 3 trillion yuan cash gap in January

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China's central bank on Wednesday announced it will cut banks’ reserve requirement ratio (RRR) by 50 basis points to release about 800 billion yuan long-term funding.

Analysts say that the liquidity is far from enough to fill a cash gap this month caused by surging local government bond sales and rising cash demand before the Spring Festival.

They believe the central bank will need to inject more funding through other policy tools such . . .

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • DETAILS MATTER - we bring you details that you won't find elsewhere
  • THE WIRE  - up-to-the-minute updates of market-moving news and views
  • DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.

FREE TRIAL cancel anytime

LIMITED-TIME OFFER - 50% OFF

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top