China Economy: PBoC injects capital via MLF, rates unchanged

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Now for a look at China's financial market. The country's central bank said Wednesday that it had injected 188 billion yuan into the financial system via one-year medium-term lending facility loans. The bank added another batch with a value of 187 billion yuan is set to expire later in the month.

Meanwhile, the People's Bank of China said that interest rates for the MLF loans were unchanged at 3.2 percent. Analysts say the PBoC is also likely to inject funds via 28-day reverse repos and use its temporary liquidity facility ahead of Lunar New Year in 2018.