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.
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Does injecting money ever work?
Look at how well it worked when the USA was giving the covid checks.
Signed Donald Trump lol
For us bitcoiners it worked perfectly well
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.
Of course. The low income class has no chance. Ethically this fiat system belongs to hell
Of you have short-term mentality and focus it works. But certainly no nation should have short term focus.
That’ll help inflation a little bit
Yeah. It's a good start
They can do whatever they can but at last the chinese will fall.