(Bloomberg) — China was seen to drain liquidity from the banking system even as lenders come under pressure to handle higher demand for funds.The People’s Bank of China probably allowed 200 billion yuan ($28 billion) of its one-year lending facility to mature on Thursday, with no statement on the operation as of 11:38 a.m. local time. Analysts had expected the central bank to roll over at least some of the funds and cut the cost of the loans from the current rate of 2.95%. The PBOC typically releases a statement on MLF operations by 9:45 a.m.The central bank also refrained …read more
Source:: Yahoo Finance
