fxstreet.com 29 Jan, 2021 06:30 am

Surge in interbank rates is a hawkish signal – Capital Economics

Surge in interbank rates is a hawkish signal – Capital Economics
Julian Evans-Pritchard, Senior China Economist at Capital Economics suggests that the People Bank of China (PBOC) could be delivering a hawkish signal

Julian Evans-Pritchard, Senior China Economist at Capital Economics suggests that the People Bank of China (PBOC) could be delivering a hawkish signal, in light of the recent surge in the interbank rates.Swings in interbank rates are common in China, but the recent move stands out as unusually large.After all, the PBOC has the tools to keep interbank rates steady when it wants to.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.Key quotes “Short-term funding costs for banks have risen sharply during the past couple of weeks.

places
organizations
Read full story at fxstreet.com