MAS pilots upgraded RMB funding facility

Uploaded By:  Roxanne Uy Submitted By:  Staff Reporter Case Study:  No It will discontinue the current RMB liquidity facility on 23 November. The Monetary Authority of Singapore (MAS) has floated a new initiative to provide up to RMB25b ($5.11b) of funding to the banking segment, a statement read. With this launch, the central bank will discontinue the current RMB5b ($1.05b) Overnight RMB Liquidity Facility starting 23 November. read more