China’s central bank injected more long-term liquidity into the financial system for the sixth month in a bid to bolster economic growth when multiple economic indicators revealed faltering recovery momentum. The People’s Bank of China offered 125 billion yuan ($18 billion) of medium-term lending facility, 25 billion yuan more than the amount maturing in May. Eight of 10 analysts surveyed by Bloomberg prior to the operation all expected a flat rollover. The rate on the one-year policy loans was kept at 2.75%, unchanged for a ninth month. China reported softer-than-expected inflation as well as plunging imports and ... (full story)