The People’s Bank of China (PBOC) injected only around 430 billion yuan (US$66 billion) of liquidity into the market ahead of the Lunar New Year holiday, 750 billion yuan less than a year earlier. Photo: Reuters
The People’s Bank of China (PBOC) injected only around 430 billion yuan (US$66 billion) of liquidity into the market ahead of the Lunar New Year holiday, 750 billion yuan less than a year earlier. Photo: Reuters

China urges markets to focus on rates, not liquidity, to avoid ‘misunderstanding’ of monetary policies

  • China is poised to withdraw its 9 trillion yuan (US$1.4 trillion) stimulus rolled out last year to fight the coronavirus and help affected businesses
  • The US Federal Reserve and the European Central Bank, on the other hand, are continuing to signal monetary policy loosening

The People’s Bank of China (PBOC) injected only around 430 billion yuan (US$66 billion) of liquidity into the market ahead of the Lunar New Year holiday, 750 billion yuan less than a year earlier. Photo: Reuters
The People’s Bank of China (PBOC) injected only around 430 billion yuan (US$66 billion) of liquidity into the market ahead of the Lunar New Year holiday, 750 billion yuan less than a year earlier. Photo: Reuters
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