People's Bank of China adds funds into markets in China
- A one year medium term lending facility operation
- 200bn yuan
- rate 3.3%, unchanged from the previous
Accompanying this today is phase three of cuts to the RRR
- reserve requirement ratio
- lowered for county-level rural commercial bank
- worth about 100 bln yuan in long-term capital release
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In brief, these are minor easing operations from the PBOC. The RRR cut was preannounced.