China

China’s central bank injected a net of CNY 216 bln into the banking system through a one-year MLF, keeping the interest rate steady at 2.50%. That follows a record injection of CNY 800 bln last month. Additionally, the bank maintained its seven-day reverse repo rate at 1.8%. The move aims to support the economy, evidenced by December’s new yuan loans amounting to CNY 1.17 tln, although below expectations.