PBOC’s Yi: There is plenty of liquidity in China's interbank market

PBOC’s Deputy Governor Yi Gang crossed the wires last hour, via Reuters, commenting on China’s interbank markets.

Key Quotes:

“There is plenty of liquidity in China's interbank market”

“14 day reverse repo gives the market more choice”

“PBOC will continue with 7-day RRs”

“14 day RRs help ensure ample liquidity”