Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
China's central bank maintained its key policy rate but withdrew $13B from the banking system, signaling a cautious approach to liquidity management. The move aims to prioritize currency stability and boost growth, not support financial speculation. This decision may disappoint investors and economists expecting more stimulus. The central bank's balance sheet expansion is part of broader stimulus efforts but is perceived to have a lesser impact compared to previous interventions.
China’s central bank is expanding its balance sheet, part of the broader stimulus efforts underway to boost growth, but it’s not having the same impact as the last time the People’s Bank of China stepped in, according to Bank of America economists https://t.co/h3hCkIN4wi https://t.co/QPKPtylXZp
"PBC withdrew $13B of cash from banking system on a net basis to avoid excessive liquidity while it kept rate on its 1-yr policy loans steady at 2.5%...rate decision will likely disappoint investors and economists who anticipate more stimulus is needed..." https://t.co/wzGUE1JpR1
China drained cash from the banking system with a medium-term liquidity tool for the first time since November 2022. The move extended its cautious approach, using monetary policy to boost growth. https://t.co/5xpsDmfjSl
