China's central bank injected billions of yuan through medium-term loans into the financial system on Monday, which many market participants interpreted as an effort to prop up the economy, although the cost of such borrowing was left unchanged.
Widening outbreaks of the Delta variant across the country, torrential rains and flooding, and slowing economic growth momentum suggested by recent data all required more easing measures to cushion the slowdown, analysts say.The People's Bank of China kept the rate on a one-year medium-term lending facility loan worth 600 billion yuan to some financial institutions steady at 2.95% from previous operations.
"The amount of rollover is larger than expected; but the reliance on liquidity on the earlier RRR cut to cover the balance is a mild disappointment to the market, as not even the short-term open market operations are used," said Frances Cheung, rates strategist at OCBC Bank. A total of 3.05 trillion yuan worth of MLF loans is set to expire in the fourth quarter of this year, according to Reuters calculations based on the official data.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Malaysia PM Muhyiddin to resign on Monday, local media reportsIf confirmed, Muhyiddin's resignation would end a tumultuous 17 months in office but also bring more uncertainty to Malaysia.
Weiterlesen »
LAUSD Reopens On-Campus Schooling Monday: Masks Required, Temp Checks, And Mandatory Teacher Vaccines By OctoberThe long-awaited return of on-campus students and teacher interactions begins on Monday for the Los Angeles Unified School District, which was forced into remote teaching by the pandemic. Returning…
Weiterlesen »
Malaysia PM Muhyiddin to resign on Monday - reportMalaysia's Prime Minister Muhyiddin Yassin will resign on Monday, news portal MalaysiaKini reported, after he lost his majority due to infighting in the ruling coalition.
Weiterlesen »
China tightens scrutiny over IPO price-setting, punishes 19 institutionsChina's securities regulators punished 19 institutional investors as authorities tighten scrutiny over price-setting behaviours under a more liberalised listing system.
Weiterlesen »
SoftBank pauses China investing as crackdown roils portfolioSoftBank Group Corp (9984.T) will pause its investing in China as it waits for regulatory action against the country's tech firms to play out, Chief Executive Masayoshi Son said on Tuesday.
Weiterlesen »
Cathie Wood's China strategy, plus chart-driven trading tipsBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »