PBOC's Flood of Cash Keeps Money Rates in Check Before Holiday

  • Central bank conducts most reverse repos in three years
  • Net cash additions this month total about 1.6 trillion yuan

China Is Trying to Control Renminbi Shockwaves: Rabobank

China’s central bank is flooding the financial system with cash to keep borrowing costs in check as demand for funds surges before the Lunar New Year holiday.

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