China C.Bank Injects $124 bln Into Banking System via One-Year Policy Loans

CHINA - BEIJING. China's central bank injected 900 billion yuan ($124.3 billion) into the banking system on Monday via one-year policy loans, as local governments step up selling bonds to ease debt burdens.

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The People's Bank of China (PBOC) lent the medium-term facility (MLF) loans to financial institutions at 2%, the central bank said in a statement. The PBOC conducts MLF operations toward the end of each month.