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PBOC injects funds via MLF for third straight month at unchanged rate, benchmark rate LPR expected to remain steady

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The People's Bank of China (PBOC) on Thursday injected 500 billion yuan liquidity via medium-term loans into the banking system and kept interest rate on the loans unchanged.

The central bank said it was keeping the rate on one-year medium-term lending facility (MLF) loans to financial institutions unchanged at 2.95 per cent from previous operations.

Analysts expect the rate decision could indicate no change for the country’s benchmark lending . . .

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