PBoC increases liquidity as China acts on local debt
Central bank may cut lenders’ reserve requirement ratio soon, analysts say
China’s central bank injected 600 billion yuan ($82.9 billion) in liquidity into the financial system today (November 15), while keeping a key policy rate unchanged.
The move came as the central government announced two new measures to control local authorities’ debt. At least two state-owned media outlets have speculated the People’s Bank of China (PBoC) will also cut commercial lenders’ reserve requirements before the end of the year.
The PBoC today offered 1.45 trillion yuan worth of policy
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