Logo 16 Jun 2020

PBoC underwhelms with MLF injection

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

On Monday, the central bank (PBoC) injected RMB 200 billion worth of liquidity into the banking system through its medium-term lending facility (MLF).

That’s not much, given that RMB 740 billion yuan is being sucked out of the market this month as previous MLF injections mature.The PBoC lent the...