China eases first

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Forget The US Fed For Now, The Real Monetary Action Is Happening In China

 

•      China injects RMB 1.1 trillion into money markets in last six weeks

•      June to date sees RMB 557 billion injected: biggest jump since November 2017

•      PBoC's October to April mini-tightening has now been reversed

•      ‘PBoC (People's Bank)-Watching’  set to rival 'Fed-Watching'

 

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