More on PBOC liquidity. The official, Ling Tao, said the PBOC will guide rates to a "reasonable...
More on PBOC liquidity. The official, Ling Tao, said the PBOC will guide rates to a "reasonable range" - although he didn't provide details about what that meant - will be flexible in managing interbank liquidity, and will attempt to stabilize expectations. Ling also said seasonal factors are partly the reason for the high inter-bank rates. These soothing words seem to have done the trick for the moment, because markets remain calm.
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