- rolls over MLF (medium term lending facility)
- yuan 269.5 bln ($43.4bln) in 3-month loans to banks rolled over
- adds yuan 50bln ($8.1bln)
- conducted 3month MLF at 3.5%
Peoples Bank of China ‘s Zhou in Davos says
- says it has acted to maintain money market stability
- irregular capital flows and geopolitical risks boost volatility
- monetary policy creates room for structural policies
It would appear the PBOC has acted in a precautionary move ahead of the Spring Festival/New Year holiday 18-24 Feb
PBOC Zhou – Packing the bags carefully for his holidays
