Godlike Productions - Conspiracy Forum
Users Online Now: 2,335 (Who's On?)Visitors Today: 71,368
Pageviews Today: 103,003Threads Today: 28Posts Today: 513
12:41 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

China central bank taketh away liquidity – first time in 8 months

 
Anonymous Coward
User ID: 1387957
United States
02/19/2013 01:03 AM
Report Abusive Post
Report Copyright Violation
China central bank taketh away liquidity – first time in 8 months
The People’s Bank of China on Tuesday offered 28-day repurchase agreements to discharge 30 billion yuan ($4.8 billion) in liquidity from the local money markets, the first time it employed such a draining operation since June.


The repo auction – which reflects easy money conditions – follows a series of liquidity injections by the central bank in recent weeks, via short-term reverse repurchase agreements. That included a net addition of 662 billion yuan in the run-up to the Chinese New Year, when demand for cash typically surges.

[link to blogs.marketwatch.com]

I'm not sure what this means to the global economy, China's economy or the US's economy, but it doesn't sound too good.
D-503

User ID: 17757981
Canada
02/19/2013 01:19 AM

Report Abusive Post
Report Copyright Violation
Re: China central bank taketh away liquidity – first time in 8 months
Guess we will have to wait n see.

News