PBOC one year MLF, 200bn yuan

Author: Eamonn Sheridan | Category: Central Banks

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
In brief, these are minor easing operations from the PBOC. The RRR cut was preannounced. 

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