SHANGHAI/SINGAPORE :China's central bank bolstered liquidity support for the economy as it rolled over maturing medium-term policy loans with higher cash offerings for the fifth month on Monday, while keeping the interest rate unchanged as expected. The slightly higher fund injection would help replenish liqu
SHANGHAI/SINGAPORE :China's central bank bolstered liquidity support for the economy as it rolled over maturing medium-term policy loans with higher cash offerings for the fifth month on Monday, while keeping the interest rate unchanged as expected.
Monday's operation was aimed at keeping"banking system liquidity reasonably ample," the central bank said in an online statement. Higher cash offerings could help banks tide over the quarterly tax payment period in mid April, with some brokerages estimating as much as 1.7 trillion yuan could be withdrawn from the banking system.
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