China’s central bank faces a problem getting nation’s lenders to actually lend more money

The People’s Bank of China is tackling a problem it rarely had to worry about until recently – persuading banks to lend the money they have. Thanks to the central bank turning on the liquidity taps, the cost for banks to borrow from one another is now lower than the cost to borrow from the PBOC, but a large chunk of those funds is sitting idle. That money isn’t feeding into … http://bit.ly/2P7Sim5

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