PBoC injects more funds into banking system

Central bank keeps rate unchanged as it adds $29 billion of new one-year loans


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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