PBoC reportedly tells major banks to tighten liquidity
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
China’s central bank (PBoC) has reportedly instructed major state-owned banks to reduce their interbank lending.
Citing unnamed sources, Bloomberg reports that the move is designed to prevent market rates from drifting too far below the official policy rate.
ICYDK: Weak credit demand from business...