PBoC extends market closure as coronavirus spreads rapidly

Chinese central bank extends interbank markets closure and vows to maintain ample liquidity

Outbreak: Wuhan, a mega-city in central China, is the epicentre of the virus outbreak

China’s central bank has ordered interbank markets to remain closed until February 3, as the country fights to contain the spread of the coronavirus.

These markets include the interbank money market, interbank bond market, interbank foreign exchange market, gold market and the commercial bills market, the People’s Bank of China said on January 28.

“The PBoC will use its monetary policy tools such as open market operations to make sure there is enough liquidity to handle the transactions after

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