Watch the MLFs

PBoC relies on MLFs to keep liquidity from contracting without a rate or RRR cut.

Reuters: China c.bank injects $41.1 billion via medium-term lending facility
China's central bank said it injected 267 billion yuan ($41.11 billion) into 18 financial institutions via its medium-term lending facility (MLF) on Monday.

Interest rates for the MLF loans were left unchanged, with the three-month loans at 2.75 percent and the 6-month ones at 2.85 percent, the People's Bank of China said on its official microblog.

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