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PBOC surprises the market with 200 billion yuan cash injection

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The People’s Bank of China (PBOC) unexpectedly injected 200 billion yuan ($28 billion) funding via one-year Medium-Term Lending Facility (MLF) on Wednesday, with the interest rate unchanged.

The move took the market by surprise as the central bank's move is contradiction to its previous practice - usually inject liquidity when previously debts mature. No loans mature on Wednesday and the next batch won’t come due until November 5th.

The move came . . .

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