Bill sales suspended
Source: Xinhua |
June 23, 2011, Thursday
|
Print Edition
Print Edition
THE People's Bank of China yesterday said it will suspend bill sales scheduled today, according to a statement on its website.
However, the central bank's brief statement did not elaborate on the reason for the action.
Analysts said the move is being made in response to tightened market liquidity conditions, which increases the possibility that the central bank will soon raise interest rates again.
The central bank previously suspended bill sales on January 24. It raised interest rates two weeks later.
However, the central bank's brief statement did not elaborate on the reason for the action.
Analysts said the move is being made in response to tightened market liquidity conditions, which increases the possibility that the central bank will soon raise interest rates again.
The central bank previously suspended bill sales on January 24. It raised interest rates two weeks later.
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