The Chinese central bank, PBOC, is out with a brief statement, announcing that it injected CNY 398 billion via one-year medium-term lending facility (MLF).
There has been a relatively big drop in total liquidity in banking system.
Rate unchanged from previous 12-month MLF.
Says relatively big drop in banking system total liquidity - due to tax payments, maturing loans, RRR payments from financial institutions.
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