 "Yuan")
China's central bank injected funds into the financial system through medium-term loans on Wednesday, while keeping the interest rate unchanged for the 20th month in a row.
The People's Bank of China (PBOC) said it was keeping the rate on 500 billion yuan ($78.5 billion) worth of one-year medium-term lending facility (MLF) loans steady at 2.95%.
The PBOC's earlier decision to lower banks' reserve requirement ratio (RRR) also came into effect on Wednesday, freeing up 1.2 trillion yuan worth of long-term funds, the central bank said in an online statement.
"The larger-than-expected injection confirms the PBOC's vow of ample liquidity
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