People's Bank of China says it has released around 2 tln yuan in temporary liquidity
- Seeking to satisfy demand for cash ahead of the Lunar New Year
- PBOC says interbank liquidity levels will remain stable
- Targeted RRR cut injects around 450 bn yuan in liquidity
I reckon maybe some of this is for stock market support, perhaps? But, the Bank does inject funds ahead of LNY each year.
LNY begins Friday, February 16, 2018
