Chinese QE Proceeds Gradually

The latest injection is 50 billion yuan: China Injects $8 Billion Into Banking System
The People’s Bank of China offered 50 billion yuan ($8 billion) of seven-day reverse repos, a short-term lending facility to commercial banks, in its open-market operation Thursday. It last used these in January of 2014, and it was the first net addition of funds since mid-December.

The injection of funds into the country’s money markets came after the central bank said Wednesday that it rolled over three-month loans of 269.5 billion yuan ($43.5 billion) and offered 50 billion yuan of medium-term loans to designated commercial banks.

This is the medium-term lending facility (MLF).

21st CBH: 央行证实注入3195亿MLF 货币宽松渐行渐远 (Central Bank Confirms 319.5B Liquidity Injection, QE Proceeds Gradually)

No comments:

Post a Comment