In a surprise move today the Peoples Bank of China added 200 billion yuan via MLF to its financial institutions, CNBC reports. Last week the bank also unexpectedly failed to raise its cost of banking loans in line with the Fed’s move to raise the Fed Funds target rate – something analysts had thought had become a pattern. Today’s move follows President Trump’s new threat to add a 10 per cent trade tariff on another $200 billion worth of Chinese made goods.
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