People’s Bank of China Relaxes Market with Surprise Medium Term Facility Injection
Posted on 11/30/2020
The People’s Bank of China (PBOC) surprised markets by injecting 200 billion yuan (US$ 30.4 billion) through one-year medium-term lending facility (MLF) loans to financial institutions on November 30, 2020. PBOC did so to calm markets after a series of bond defaults. The central bank kept the loan rate unmodified from the previous such injection, […]
