China’s Banks Deliver RMB In June

By |2017-07-25T18:57:50-04:00July 25th, 2017|Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Updated statistics from the People’s Bank of China shed some light on changing money conditions in RMB. The Big 4 State-owned banks have been the primary liquidity conduit for all policies and activities going back to 2014. These institutions had been since the middle of 2016 increasingly squeezed as to excess funding available to be forwarded into money markets. This [...]