#China injects 210 billion yuan liquidity into market - Xinhua News Agency#
The People's Bank of China (PBOC) injected a net 210 billion yuan into the banking system through open market operations during the last week.
During Sept. 14 to Sept. 18 period, the central bank injected 600 billion yuan via medium-term lending facility (MLF) while 200 billion yuan of MLF matured.
In other words, the PBOC conducted MFL operations to ensure liquidity remains at a reasonable level.
On Monday, the central bank kept one- and five-year loan prime rates unchanged at 3.85% and 4.65%.
https://www.fxstreet.com/news/... (Reprint Source)
Edited 21 Sep 2020, 12:13
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.