PBOC Faces Multi-Month Road to New Rate Anchor, Analysts Say
China’s central bank may be embarking on a multi-month transition toward an overnight policy interest rate, a shift that will require more frequent liquidity operations using the new benchmark candidate to test market reception, analysts say.
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Abrir la fuente originalChina’s central bank may be embarking on a multi-month transition toward an overnight policy interest rate, a shift that will require more frequent liquidity operations using the new benchmark candidate to test market reception, analysts say.