PBoC drains most cash in a year from banking system bond … – MENAFN.COM
- Date: 09-Oct-2021
- Source: MENAFN
- Sector:Financial Services
- Country:Gulf
PBoC drains most cash in a year from banking system bond … – MENAFN.COM
(MENAFN- Gulf Times) China drained the most short-term liquidity from the banking system in a year on a net basis as it reduced support after a week-long holiday. Government bond futures slid by the most since August.
The People's Bank of China offered 10bn yuan ($1.6bn) of short-term funds to lenders, resulting in a net liquidity withdrawal of 330bn
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