PBOC appears to be ramping up housing & infrastructure financing to support the economy ...Middle East

Bloomberg carry the report on the People’s Bank of China (PBOC) injecting nearly US$50 billion worth of low-cost funds into policy-oriented banks in the final month of 2023. This suggests the Bank may be ramping up financing for housing and infrastructure projects to support the economy.Bloomberg detail the addition of funds:outstanding amount of the PBOC’s Pledged Supplemental Lending (PSL) programme to policy banks climbed to 3.25 trillion yuan (S$602.5 billion) at the end of December from 2.9 trillion yuan in the previous monthnet injection of 350 billion yuan was the largest increase via the tool since November 2022 ---The PSL programme is seen as an important tool, funds can be used to

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