China's Piecemeal Shift to Looser Monetary Policy Gathers Pace
- PBOC makes biggest-ever injection of medium-term funding
- Policy makers adjusting pace of deleveraging, Nomura says
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The People’s Bank of China stepped up its efforts to support bank lending amid a gradual slowdown in the economy.
On Monday, the central bank made a record injection of longer-term funding available to commercial lenders, after publishing looser-than-expected rules governing the $15 trillion asset management industry on Friday.