0518 GMT - The PBOC's planned issuance of 60 billion yuan in six-month renminbi bills next week underscores its flexibility in deploying such tools in response to looming U.S. tariff risks, Mizuho Securities Asia's Ken Cheung says in an email. China's central bank is ramping up efforts to manage offshore liquidity conditions, the director of FX Strategy says. Given the looming U.S. tariff risks, the PBOC is likely to keep CNH liquidity conditions tight until President-elect Trump provides more clarity on U.S. tariff policies, Cheung adds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 09, 2025 00:18 ET (05:18 GMT)
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