The central bank on Wednesday injected cash into the financial system, in what has been seen as a measure to ease short-term liquidity pressure on banks, after it dismissed speculation that it would make a more aggressive move to cut the reserve requirement ratio for some lenders.
Central Bank Offers Cash Injection After Dismissing Talk of Reserve Cut
PBOC provides $39.8 billion in funding to fend off short-term squeeze on banks’ liquidity
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- Through a newspaper it runs, the central bank said that it has no plan for a new targeted reserve requirement ratio cut. Photo: IC
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