China may boost its Pledged Supplementary Lending (PSL) facility ...Middle East

China's Pledged Supplementary Lending (PSL) facility was established in 2014. The PSL is a monetary policy tool used by the People's Bank of China (PBOC) to provide low-cost, long-term funding to policy banks. These banks then support government-prioritized sectors. In the past this has meant affordable housing, urban redevelopment, and major infrastructure projects. This time it appears aimed at supporting the private sector more directly.

I haven't any further details at this stage.

This article was written by Eamonn Sheridan at www.forexlive.com.

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