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China’s PBC injects $75bn in banking system in October

China’s PBC injects $75bn in banking system in October
China’s PBC injects $75bn in banking system in October

Mubasher: The People’s Bank of China (PBC) on Wednesday said it pumped CYN 498 billion ($75.05 billion) in the country’s banking system during October, through medium-term lending facilities.

The interest ratio on medium-term lending facilities remained unchanged at 3.2% over a one-year period maturity, the Chinese body’s statement added.