PBoC drains MLF
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On Monday, the People’s Bank of China (PBoC) drained a net RMB 100 billion from the banking system.
The PBoC lent RMB 600 billion to banks through its medium-term lending facility (MLF), but at the same time RMB 700 billion worth of outstanding MLF loans matured.
Based on a survey of analysts, Blo...