China c.bank to Inject 600 Bln Yuan to Ease Liquidity Strains

Jan 19 China’s central bank said on Tuesday that it will inject over 600 billion yuan ($91.22 billion) to help ease a liquidity squeeze expected before the Lunar New Year in early February.

The People’s Bank of China will inject the funds via its policy tools of the standing lending facility (SLF), medium-term lending facility (MLF) and pledged supplementary lending (PSL), it said in a statement on its website.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.