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PBOC Drains CNY 10bn, Keeps MLF Rate Unchanged

CHINA

The PBOC drained a net CNY 10bn of liquidity from the system today, injecting CNY 10bn against CNY 20bn maturing. The bank also matched maturities in the MLF operations, conducting CNY 100bn to match the CNY 100bn rolling off at an unchanged 2.95%.

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