Banco central de China intenta restringir liquidez sin provocar crisis

Genevieve Signoret & Patrick Signoret

Simon Rabinovitch de Financial Times:

The central bank’s bond repurchase on December 31 was not publicly announced but multiple traders and state-run media have confirmed it. This low-key approach to conducting a cash withdrawal encapsulates what analysts see as the central bank’s policy objective this year: it wants money market rates to remain high to encourage deleveraging in the financial system, but it also wants to avoid causing undue alarm with its tightening.

LiquidityChina

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