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Coronavirus: China injects US$7.9 billion into banking system in latest bid to shore up liquidity

Summary:
[unable to retrieve full-text content]China’s central bank rolled over some of the targeted funds due on Friday while cutting interest rates on the loans, the latest in a string of measures aimed at ensuring sufficient liquidity.The People’s Bank of China (PBOC) injected 56.1 billion yuan (US.9 billion) into the banking system via the targeted medium-term lending facility (TMLF), just as 267.4 billion yuan of the debt comes due.The one-year funding was offered at an interest rate of 2.95 per cent, lowered from the 3.15 per cent…

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[unable to retrieve full-text content]
China’s central bank rolled over some of the targeted funds due on Friday while cutting interest rates on the loans, the latest in a string of measures aimed at ensuring sufficient liquidity.The People’s Bank of China (PBOC) injected 56.1 billion yuan (US$7.9 billion) into the banking system via the targeted medium-term lending facility (TMLF), just as 267.4 billion yuan of the debt comes due.The one-year funding was offered at an interest rate of 2.95 per cent, lowered from the 3.15 per cent…

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