(Bloomberg) -- China’s central bank is planning to move the date on which it injects one-year liquidity to domestic lenders to the 25th of each month...
-- China’s central bank is planning to move the date on which it injects one-year liquidity to domestic lenders to the 25th of each month, according to people familiar with the matter, as part of a shift to relying primarily on a short-term interest rate to steer markets.The change will take effect as early as in August, the people said, asking not to be identified because they are not authorized to speak publicly.
Some analysts had speculated about the change after the central bank disregarded the usual schedule last month by unexpectedly injecting funds via the MLF on the 25th. At the same time, the PBOC also lowered the MLF by 20 basis points after trimming the seven-day reverse repo rate by half that amount, a decision that followed an earlier cut of the LPRs by banks.
Banks have had little appetite for the MLF funds in recent months, as a decline in market rates meant it became cheaper for them to borrow from each other than from the PBOC. 'Amazing Race Canada' Season 10: Eliminated father-daughter team Sam and Brad May talk eating pig brains, football finesse In an unprecedented move, Archipelago International, the largest privately-owned hotel management group in Southeast Asia, has joined forces with Noval Properties, a premier real estate developer in the Dominican Republic.
Naomi talks exclusively with PEOPLE about being double-crossed by Hud and Adam, teasing 'all is fair and love and war and Claim to Fame'Vancouver, British Columbia-- - Atomic Minerals Corporation is pleased to announce that the Company will proceed with a Private Placement of up to 6,000,000 Units at $0.05 per Unit for gross proceeds of up to $300,000. Each Unit consists of one Common Share and one transferrable Common Share purchase warrant . Each Warrant shall entitle the holder ...
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