UPDATE 1-China Sept rate cut bets still intact despite no MLF rollover
China’s central bank surprised
markets by not rolling over medium-term loans on Monday,
signalling Beijing is keen to avoid flooding the financial
system with liquidity even as authorities take steps to boost
bank lending to prop-up a slowing economy.
markets by not rolling over medium-term loans on Monday,
signalling Beijing is keen to avoid flooding the financial
system with liquidity even as authorities take steps to boost
bank lending to prop-up a slowing economy.
Posted by Reuters
