Author: hannahstowell7

HKMA participates in BIS Renminbi Liquidity Arrangement ******************************************************* The following is issued on behalf of the Hong Kong Monetary Authority:      The Bank for International Settlements (BIS) announced today (June 25) (Note 1) the Renminbi Liquidity Arrangement (RMBLA), which has been developed with the People’s Bank of China (PBoC), to provide liquidity to central banks through a new reserve pooling scheme.             The Hong Kong Monetary Authority (HKMA) is pleased to join the initial group of central banks in Asia and the Pacific participating in the arrangement (Note 2), which will complement existing BIS liquidity facilities in providing additional liquidity ... Read more