PBoC increases liquidity support as slowdown increases
Retail sales and property prices fell further in November while investment and production slowed
China’s central bank increased its banking liquidity injection and kept its key rate unchanged today (December 15), as the economy slowed further.
Data released today by China’s National Bureau of Statistics showed retail sales and property prices continuing to decline in November. The data showed factory output and investment growing only weakly.
The People’s Bank of China kept the interest rate on the one-year medium-term lending facility (MLF) unchanged at 2.75% for the fourth straight
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