PBoC’s hike signals policy management shift

The People's Bank of China (PBoC) used to take a 'no-drama' approach when it came to the Chinese New Year, injecting liquidity into the market to cater for the increased demand for funds during the long holiday season. Financial markets were therefore largely caught off-guard this year. In late January, just before the Chinese New Year holiday, the PBoC raised rates on its medium-term loan facility (MLF) by 10 basis points (with the one-year rate standing at 3.1%). This marked the first move

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: