The People’s Bank of China (PBOC) unexpectedly injected 200 billion yuan ($28 billion) funding via one-year Medium-Term Lending Facility (MLF) on Wednesday, with the interest rate unchanged.
The move took the market by surprise as the central bank's move is contradiction to its previous practice - usually inject liquidity when previously debts mature. No loans mature on Wednesday and the next batch won’t come due until November 5th.
The move came . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In