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PBOC cash injection signals leverage, asset bubble concerns
Published Wed, Aug 24, 2016 · 09:50 PM
Shanghai
CHINA'S central bank injected cash into money markets through 14-day reverse bond repurchase agreements (repos) for the first time since February in a sign that policymakers were worried that rising leverage could stoke bubbles in the bond market.
Analysts said that the switch to longer tenor, higher interest rate injections may signal that the ce…
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