trending Market Intelligence /marketintelligence/en/news-insights/trending/J-Wzy5TfehnjNQycU_aKag2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

China's central bank injects 200B yuan into financial system

Street Talk Episode 52 - A bank's 'knife fight' to stay high performing in a low rate environment

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

New York Fed Increases Planned Repo Purchases Amid Quarter-End Demand For Cash

Fed Poised To Relax Key Rules For Large Banks

China's central bank injects 200B yuan into financial system

The People's Bank of China injected 200 billion yuan of cash into the financial system via the medium-term lending facility at 3.30%, according to an Oct. 16 notice from the central bank.

The move was unexpected as authorities usually inject liquidity when previously offered loans are due, and the next batch will not mature until Nov. 5, Bloomberg News reported.

The central bank likely wants to inject more long-term liquidity to support the economy, said Becky Liu, head of China macro strategy at Standard Chartered Plc. China is expected to release third-quarter GDP data on Oct. 18. The country's GDP is expected to have grown at 6.1%, the slowest pace since at least 1992.

As of Oct. 15, US$1 was equivalent to 7.08 Chinese yuan.