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PBOC Rolls Over Policy Loan With Growth, Currency on Mind
China’s central bank extended a key policy loan at the same borrowing cost, signaling an intention to aid a nascent economic recovery without adding pressure on the yuan. The People’s Bank of China offered 125 billion yuan ($17.3 billion) via its medium-term lending facility Wednesday, matching the amount of such loans maturing this month. The central bank also kept the rate on the one-year policy tool steady at 2.5%, in line with estimates in a Bloomberg survey. “As liquidity is overall stable and given the upcoming ultra-long special government bond issuance, the central bank rolled over the loans,” ... (full story)
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- Posted: May 15, 2024 6:08am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,610
