Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Report: CN Asks Large SOE Banks to Strictly Curb Interbank Fund Lending
Recommend 16 Positive 41 Negative 18 |
||||
|
||||
|
China asked large state-owned (SOE) banks to reduce fund lending in the interbank market to prevent market interest rates from deviating excessively below policy rates, Bloomberg reported, citing sources familiar with the matter. The People’s Bank of China (PBOC) recently issued window guidance to large SOE banks, including policy banks, requiring them to strictly control the scale of net fund lending in the interbank market, sources said. The move aims to correct market liquidity expectations and safeguard the signaling role and authority of policy rates. The central bank’s action indicates that officials would not sit by low money market rates, report said. Such measures, known as window guidance, are typically timely instructions issued by the central bank during periods of wild market swings or when adjusting the pace of credit expansion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
