PBOC implements third phase of RRR cuts for county level rural commercial banks

The latest statement from the People’s Bank of China (PBOC) shows that the Chinese central bank injected 200B Yuan via one-year Medium Lending Facility (MLF); rate unchanged at 3.30%.

Additional Headlines:

Implementing third phase of RRR cuts for county level rural commercial banks.

Releasing long term capital worth around 100b yuan.