Pushing on a string
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
China’s central bank (PBoC) has been promising to “maintain reasonable and sufficient liquidity.”
But it may have overshot.
Interbank lending rates have been low for some time, and they’re getting lower.
Since April, the interest rate on 7-day collateralized repos between banks (DR007) has genera...