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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