Analysts said the funding operation in itself wasn't a major policy easing. China has typically used 14-day repos to help the banking system tide over long holidays, and the last time it did so was ahead of a spring break in February. Monday's injection comes ahead of...
and accept much larger fiscal deficits. Given the collapse of private demand, and the inability to reduce interest rates below zero, governments clearly chose the right response. But large deficits lead to rapid increases in debt, and, because debt levels were already high in many countries, suc...
Banking Book Activities We strengthened research on domestic and overseas monetary policies and forecast of the trend of interest rates. Considering the profiles of bond supply and maturity of portfolios, we optimized structures of portfolios and seized the investment opportunity. The portfolio yields ...