Logo 18 Mar 2024

PBoC drains liquidity as government bond prices rise

After months of pumping liquidity into the financial system, the central bank (PBoC) is starting to shift gear.
The details: On Friday, the PBoC drained a net RMB 94 billion of liquidity using the medium-term lending facility (MLF).

The PBoC lent out RMB 387 billion of one-year MLF funds, but RMB 4...

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