PBOC Keeps Status Quo on Liquidity With Policy Loan Rollover
- China rolls over 500 billion yuan policy loan, as expected
- There’s room for PBOC to cut RRR by 50 basis points: OCBC
Outsider the People's Bank of China (PBOC) building in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China added enough medium-term funds into the financial system to maintain liquidity at existing levels as policy makers looked to strike a balance between supporting the economy without fueling asset bubbles.
The People’s Bank of China injected 500 billion yuan ($77.6 billion) through its medium-term lending facility, matching the 500 billion yuan maturing Friday. The outcome was in line with forecasts from five of the eight analysts surveyed by Bloomberg News. The MLF rate was left at 2.95%.