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.
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Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.