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

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