China inject $77. 6 billion in cash to maintain liquidity at existing level

296
2
China inject $77. 6 billion in cash to maintain liquidity at existing level

- China added enough cash and money into the financial system to maintain liquidity at existing levels as policymakers sought to strike a balance between supporting the economy without fueling asset bubbles.

None The Rich and Powerful Are Stashing $500 Billion in This Tax Havens.

Do Avian Airline Pilots make any safety mistakes while out of practice?

What does GE get after two years of greenhouse gas?

What are the front lines of the U.S. and the presidents.? The People s Bank of China injected $77.6 billion through its medium-term lending facility, matching the 500 billion yuan maturing on Friday. The outcome was in line with forecasts from five of the eight analysts surveyed by Bloomberg News. The MLF rate was left with 2.95%.

The decision by the PBOC comes as rising price pressures spark uncertainty over the need for further monetary easing, while concerns mount over possible contagion from the China Evergrande Group debt crisis. Financial regulators told some major banks late last month to accelerate approval of mortgages in the last quarter, according to people with knowledge of the matter.

It still looks like a half glass empty story, said Tommy Xie, the head of Greater China research at Oversea-Chinese Banking Corp. in Singapore. The key conflict in the market right now is the rising hope for more easing due to increasing conviction of faster growth versus more patient policy makers under the framework of cross cyclical policy. PBOC Governor Yi Gang told the Group of 20 central bankers meeting on Wednesday that China s prudent monetary policy will be appropriate, flexible and appropriate so as to support high-quality economic development. He added that the country s inflation is moderate overall.

Xie still sees room for the central bank to cut the reserve ratio requirement by 50 basis points this year.

China s 10-year bond yields fell nearly two basis points to 2.97%, while 10 year bond futures rose to the lowest since early July.

China also added 10 billion yuan to its open-market operations by seven-day reverse repurchase agreements, matching the amount maturing.

None Jane Fraser Has a plan to regroup Citigroup while tormenting Rivals?

None These Out-of- Work Americans tell Us Job Market Turmoil Is Something But Transitory?

" Homeopathy is wrong. It does not work." How do White Lawmakers protect Black hairstyles?