China injects 600 billion yuan into financial system, keeps rate unchanged for 16th month
China’s central bank injected billions of yuan through medium-term loans into the financial system on Monday, while keeping the interest rate unchanged for the 16th month in a row.The People’s Bank of China (PBOC) kept the rate on 600 billion yuan (US$92.6 billion) worth of one-year medium-term lending facility (MLF) loan to some financial institutions…
