PBOC MLF liquidity injection today – unchanged rate expected (but some expect a small cut)
Later this week from the People’s Bank of China we’ll get the loan prime rate setting: Ahead of that today we’ll get a medium term lending facility (MLF) rollover: 700 billion yuan of this medium-term lending debt is maturing. according to Reuters polling 12 analysts expect the PBOC rollover the 700 billion yuan, 10 expect […]
PBOC to cut RRR And LPR in 2023 – China Securities Journal
The People’s Bank of China (PBOC) is seen cutting the reserve requirement ratio (RRR) and the over-five-year Loan Prime Rate (LPR) further in 2023, “as authorities implement “accurate and forceful” monetary policy,” China Securities Journal reported, citing experts. Additional quotes “To support the real estate sector, cuts to the over-five-year LPR are likely, with Beijing […]
Iran has cut its gas exports to Turkey by 70% – network fault cited
Turkey’s state pipeline operator Botas issued a statement on Saturday. Says that a fault on the Iranian network side had decreased the volume of gas piped to Turkey as of January 1. Turkish authorities have requested Iran fix the issue as quickly as feasible. Iran is the second-largest gas supplier to Turkey after Russia. Weirdly, […]