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SHANGHAI, Sept 9 (Reuters) - China’s central bank said it hasn’t conducted medium-term lending facility (MLF) operations on Monday, even as a batch of 176.5 billion yuan ($24.77 billion) worth of loans were due to mature on the day.
However, the People’s Bank of China injected 120 billion yuan via seven-day reverse repurchases earlier on Monday.
On Friday, China’s central bank said it would cut the reserve requirement ratio (RRR) for the third time this year, releasing 900 billion yuan ($126.35 billion) in liquidity to shore up the flagging economy.
$1 = 7.1255 Chinese yuan renminbi Reporting by Samuel Shen and John Ruwitch; Editing by Shri Navaratnam