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Lucas
@lucas79
- The PBOC has injected a massive 600 billion yuan ($82.3 billion) into its one-year medium-term lending facility. This will result in a net cash injection of 500B yuan via this tool - the largest "injection" since December 2023. -> Signaling a supportive monetary policy stance in preparation for trade negotiations. Note: Boosting credit, in addition to stimulating domestic consumption, is also a way to maintain a weak yuan to cope with trade difficulties.
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