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PBOC keeps MLF rate unchanged, market still expects easing this week


The People's Bank of China (PBOC) kept the interest rate unchanged in its open market operations on Tuesday, indicating an inclination to avoid excessive monetary stimulus despite more signs of a deepening slowdown. However, many still expect more easing this week.

The central bank injected 200 billion yuan ($28.27 billion) via one-year medium-term lending facility (MLF) operation on Tuesday as 265 billion yuan of such loans matures. Meanwhile, 80 billion yuan worth of seven-day reverse . . .

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