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PBOC Begins to Tighten

posted by Avatar fx360 1139 days ago in Daily made popular 1139 days ago

In a first clear move to tighten monetary policy and a possible precursor to a rate hike, the PBOC has decided to sell three year bills tomorrow for the first time since June 2008, according to a report on Bloomberg. Bloomberg news noted that, “The People’s Bank of China asked the lenders to give indications of their demand for the securities
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