• The People’s Bank of China said on Jan. 18 it will start daily short-term liquidity operations, the so-called SLOs involving contracts maturing in less than seven days, as additional tools to manage cash supply.
  • The PBOC’s plans for more frequent money-market operations … will reduce spikes in short-term rates and lower their average levels, said Darius Kowalczyk, a Hong Kong-based strategist at Credit Agricole CIB

Bloomberg