22 Mar 2018
PBOC: Rate adjustment helps market to shape reasonable interest rate expectations
The People's Bank of China is explaining the rationale behind its decision to hike seven-day repo rate by 5 basis points.
Key quotes (source: Reuters)
- Rate adjustment helps market to shape reasonable interest rate expectations
- Rate increase can help stabilize macro leverage ratio
- Interest rate adjustment can further narrow rate spread between OMOs and money market
- Upward adjustment of interest rate meets market expectations
- Rate adjustment will guide reasonable growth in credit and scale of social financing