PBOC replaces maturing MLF with 400 billion yuan in new loans
PBOC’s restrained approach to liquidity had spooked markets
A pedestrian walks past the People's Bank of China headquarters in Beijing.Photographer: Qilai Shen/Bloomberg
By
Tian Chen and Livia Yap
Updated on
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China’s central bank reduced the cost of 1-year funds to banks for the first time since 2016, seeking to calm markets nervous about tightening liquidity amid a slowing economy.
