In a strategic move, the People's Bank of China (PBoC) has opted to keep a pivotal reference rate unchanged, signaling stability in the financial sector. Allocating a substantial sum, the PBoC infused 100 billion Yuan, equivalent to 13.0 billion Euros, through its one-year medium-term lending facility (MLF) at a steadfast rate of 2.5 percent. Additionally, the central bank injected 2 billion Yuan in liquidity through seven-day reverse repurchase agreements at a consistent rate of 1.8 percent. This decision underscores the PBoC's commitment to fostering liquidity and bolstering confidence in the banking system.
42 sats \ 4 replies \ @Satosora 15 Apr
Does injecting money ever work?
Look at how well it worked when the USA was giving the covid checks.
Signed Donald Trump lol
reply
21 sats \ 2 replies \ @TomK OP 15 Apr
For us bitcoiners it worked perfectly well
reply
42 sats \ 1 reply \ @Satosora 15 Apr
I dont know man, I feel like even if the USA had a strong currency, it would hurt bitcoin in any way.
This inflation is killing people.
reply
31 sats \ 0 replies \ @TomK OP 15 Apr
Of course. The low income class has no chance. Ethically this fiat system belongs to hell
reply
0 sats \ 0 replies \ @TNStacker 15 Apr
Of you have short-term mentality and focus it works. But certainly no nation should have short term focus.
reply
21 sats \ 0 replies \ @BitcoinGuru 15 Apr
They can do whatever they can but at last the chinese will fall.
reply
21 sats \ 1 reply \ @nym 15 Apr
That’ll help inflation a little bit
reply
6 sats \ 0 replies \ @TomK OP 15 Apr
Yeah. It's a good start
reply