China and India take divergent paths in liquidity management debate

india-rupee-cash

The People's Bank of China (PBoC) and the Reserve Bank of India (RBI) have recently adopted divergent approaches to manage issues of liquidity in their interbank markets through different treatment of their respective bank funding windows.

The PBoC's standing liquidity facility (SLF) was introduced in January this year to provide liquidity support to financial institutions to supplement its repo operations in the money markets. Banks borrow funds from the central bank under this facility on indi

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: