PBoC injects $15 billion into policy banks
This is the first time the PBoC has used the lending tool in more than two years
China’s central bank injected funds into policy banks via a rarely used lending tool, signalling Beijing’s efforts to boost the county’s slowing economic growth.
The People’s Bank of China issued a net 108.2 billion yuan ($15.1 billion) to China Development Bank, Export-Import Bank of China and Agricultural Development Bank of China under its pledged supplementary lending (PSL) programme in September, according to a brief statement by the central bank on October 8. China’s policy banks are
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