PBOC Aims to Add Liquidity After Surge in Money Market Rates bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The People’s Bank of China will likely inject ample liquidity into the money market after interest rates surged on Tuesday, according to a person close to the central bank, as state media blamed financial institutions for “disturbing” the market.Most Read from BloombergIsrael Latest: Hamas Vows to Free Captives, Refugee Camp HitSaudi Forces on Alert After Clash With Iran-Backed HouthisInnovent, Lilly Obesity Drug Spurs More Weight Loss in TrialIsrael Latest: Netanyahu Vows to Stay
China s major manufacturing rivals in the region Japan and South Korea also reported sharp declines in output on Thursday. "It s too early to tell, but today s print suggests that a sequential uptick in growth activity in the third quarter could still be possible," said Louise Loo, senior economist with Oxford Economics.