The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Tuesday, January 21, 2014

PBOC moves to avert credit crunch.

Having surged 153 bps yesterday, China's seven-day repurchase rate fell 88 bps to 5.44% today after the People's Bank of China injected over 255B yuan ($42B) into the financial system and expanded a loan facility in order to meet demand for cash ahead of the Lunar New Year. The PBOC's action helped Asian and European shares rise.

No comments:

Post a Comment