Sunday , February 28 2021
Home / South China Morning Post / China’s central bank downplays draining funds from banking system after worst cash crunch in six years

China’s central bank downplays draining funds from banking system after worst cash crunch in six years

Summary:
[unable to retrieve full-text content]China’s central bank has downplayed its decision in January to reduce liquidity in the banking system that caused the country’s worst cash crunch in nearly six years, while fueling worries about a gradual tightening of monetary policy to curb speculation and asset bubbles.In its fourth quarter monetary policy implementation report, the People’s Bank of China (PBOC) suggested financial markets should pay less attention to the adjustments in the volume of its liquidity operations and more to the…

Topics:
Karen Yeung considers the following as important:

This could be interesting, too:

Mike Shedlock writes Even a 0 Billion Bribe Won’t Get Kids Back in the Classroom this School Year

Troy & Vaishali writes Market Report: Stock market trend in jeopardy

Ben Hunt writes The Opposite of 2008

Mike Shedlock writes There’s a New Twist in Biden’s Ridiculous Push For a Minimum Wage

[unable to retrieve full-text content]
China’s central bank has downplayed its decision in January to reduce liquidity in the banking system that caused the country’s worst cash crunch in nearly six years, while fueling worries about a gradual tightening of monetary policy to curb speculation and asset bubbles.In its fourth quarter monetary policy implementation report, the People’s Bank of China (PBOC) suggested financial markets should pay less attention to the adjustments in the volume of its liquidity operations and more to the…

Leave a Reply

Your email address will not be published. Required fields are marked *