China ramps up liquidity support to banking system

China’s central bank has increased its liquidity support to the banking system by extending medium-term policy loans on Monday.

However, it has chosen to keep interest rates unchanged, primarily due to concerns about the potential for a significant depreciation of the yuan.

The People’s Bank of China (PBOC) is currently navigating a delicate balancing act, Reuters reported.

READ MORE: https://www.reuters.com/markets/rates-bonds/china-central-bank-ramps-up-liquidity-support-via-policy-loans-rate-unchanged-2023-10-16/

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley