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.