China: PBoC overnight tool refines framework – MUFG

MUFG’s Michael Wan points to the People’s Bank of China’s new overnight liquidity tool, implicitly set at 1.25%, as a step in refining China’s interest rate framework.

China: PBoC overnight tool refines framework – MUFG
MUFG’s Michael Wan points to the People’s Bank of China’s new overnight liquidity tool, implicitly set at 1.25%, as a step in refining China’s interest rate framework.

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