China keeps interest rates steady, drains record cash in policy adjustment

Quick Summary:

The authorities also withdrew a net 1.

It would be the fifth month in a row that the PBOC withdrew cash with the tool on a net basis.

Last month, it injected a net 1 trillion yuan of funds through the so-called outright reverse repurchase agreements and purchased government bonds.

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Category: BusinessFinance

Markets: IndiaChina

Topics: MLF rate Bank of China United States Securities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 09:41:01 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24667568

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