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China – PBOC to inject more stimulus measures on Monday – ForexLive

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I posted on warnings from the central bank in Singapore here:

PBOC also: 

  • to issue first lot of special re-lending funds for combating the coronavirus
  • to offer the facility weekly to banks later in Feb.
  • 9 major national
    banks, some local banks in ten provinces and cities are qualified
    for the special funding

PBOC says financial institutions should quicken the review process for loan applications

  • & release loans within 2 days
  • loans from special re-lending funds will offered at up to
    100 basis points below the one-year Loan Prime Rate (currently 3.15%)

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