PBOC INJECTS 200BN YUAN, NET DRAIN OF 595BN YUAN

PBOC INJECTS 200BN YUAN, NET DRAIN OF 595BN YUAN
The People's Bank of China injected 200bn yuan via a one-year Medium-term Lending Facility (MLF) at a 2% rate.
This injection does not offset the 795bn yuan of MLF maturing.
The result is a net drain of 595bn yuan from the banking system.