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PBOC injects 267.4 billion yuan via targeted MLF

The People's Bank of China injected 267.4 billion yuan to the interbank system on Wednesday via its targeted medium-term lending facility (TMLF) as it looks to provide struggling smaller business with a steady stream of affordable financing.

The PBOC said the one-year interest rate on the TMLF was 3.15 per cent, in line with the previous operation, and 15 basis points lower than regular MLF . . .

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