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.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment