PBoC injects more funds into banking system
The People’s Bank of China injected more cash into the banking system to support the country’s post-pandemic recovery today (February 15), while keeping its benchmark interest rate unchanged.
The central bank injected 499 billion yuan ($73 billion) of one-year medium-term lending facility (MLF) loans at a rate of 2.75%, unchanged from its previous operation in mid-January.
The fund injection was aimed at keeping banking system liquidity “reasonably ample”, the PBoC said in a statement. It said
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