The People’s Bank of China has implemented a flurry of measures in recent months to keep liquidity ample to support China’s weakened economy. Photo: Reuters

Coronavirus: China injects US$7.9 billion into banking system in latest bid to shore up liquidity

  • The People’s Bank of China cut its targeted medium-term lending facility by 20 basis points on Friday to 2.95 per cent
  • The rate cut was the latest in a flurry of measures in recent months aimed at keeping liquidity ample to support China’s weakened economy
Topic |   China economy
The People’s Bank of China has implemented a flurry of measures in recent months to keep liquidity ample to support China’s weakened economy. Photo: Reuters
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