BEIJING: China’s central bank injected 638.68 billion yuan (US$92.98bil) via short and medium-term liquidity tools in January, down 26% from the previous month, data showed, signalling an effort to cool down rapid credit growth.
The reduced injections coincided with the central bank’s move to push up some lending rates, in a further sign that it is moving to monetary policy tightening as the economy stabilises.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
