policy support: Everyone, please don't worry, according to The Japan Times. At present we don't yet have this plan, it said in a statement on its website. The China Banking and Insurance Regulatory Commission CBIRC took control of Baoshang on May 24, rattling Chinese markets and prompting the People's Bank of China PBOC to inject cash into the banking system. ; In response to concerns that regulators planned more takeovers of financial institutions, the PBOC said on Sunday that Baoshang was a standalone case. The PBOC also said it would use various monetary policy tools to stabilize money markets and boost banking system liquidity, but did not mention broader easing. The central bank has previously pledged more policy support for a slowing economy, but PBOC Gov. The PBOC has fully estimated and prepared for the various factors that will affect liquidity in June, and will flexibly use reverse repurchase agreements and the medium-term lending facility in accordance with the cash supply-and-demand situation of the market, it said in a statement.
(news.financializer.com). As
reported in the news.
Tagged under policy support, money markets topics.