Earlier today the PBOC skipped OMO
It got spidey senses tingling and I wondered out loud if we'd get a longer-term fund injection
And here it is
- 1 year medium term lending facility
- lends 265 bn yuan for a year
- rate unchanged from prior operation, at 3.3%
Another bump up in domestic liquidity from the Bank. Should be a positive input for Chinese stocks after weekend news was a bit of a downer (more tariffs, less talks)
