Wednesday, April 18, 2007

China FX swaps a key tool against liquidity -PBOC

(Reuters) - The central bank has long been silent about its dollar swaps since an inaugural $6 billion transaction in November 2005. Deputy central bank governor Wu Xiaoling acknowledged late last month that currency swaps were among its policy tools, but she did not elaborate.

Zhou's comments, made last week, are the clearest signal yet of the swaps' significance to the People's Bank of China .


Read more at Reuters.com Bonds News

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