PBOC to Inject 'Ample' Liquidity Into Money Market After Interest Rates Surged

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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 who asked not to be identified.

will likely inject “ample” liquidity into the money market after interest rates surged on Tuesday, according to a person close to the central bank who asked not to be identified.

Money market rates will likely retreat toward the rates used in the central bank’s open market operations from Wednesday, the person said. Liquidity in the banking system is relatively abundant, the person also said.

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