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.
More on PBOC liquidity. The official, Ling Tao, said the PBOC will guide rates to a "reasonable...
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