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China injects 600 billion yuan into financial system, keeps rate unchanged for 16th month

Summary:
[unable to retrieve full-text content]China’s central bank injected billions of yuan through medium-term loans into the financial system on Monday, while keeping the interest rate unchanged for the 16th month in a row.The People’s Bank of China (PBOC) kept the rate on 600 billion yuan (US.6 billion) worth of one-year medium-term lending facility (MLF) loan to some financial institutions steady at 2.95 per cent from previous operations.The central bank said the loan operation was meant to “fully meet financial institutions’…

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[unable to retrieve full-text content]
China’s central bank injected billions of yuan through medium-term loans into the financial system on Monday, while keeping the interest rate unchanged for the 16th month in a row.The People’s Bank of China (PBOC) kept the rate on 600 billion yuan (US$92.6 billion) worth of one-year medium-term lending facility (MLF) loan to some financial institutions steady at 2.95 per cent from previous operations.The central bank said the loan operation was meant to “fully meet financial institutions’…
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