China’s Central Bank Offers Most Cash Support Since 2020 as Debt Sales Surge

(Bloomberg) — China’s central bank is making the biggest medium-term liquidity injection since 2020, stepping up efforts to support the nation’s economic recovery and debt sales.

The People’s Bank of China (PBOC) added a net 289 billion yuan ($39.6 billion) into the financial system via a one-year policy loan on Monday, the most since December 2020. It kept the interest rate unchanged at 2.5%, in line with expectations.