• The People’s Bank of China added a net 191 billion yuan ($26.3 billion) into the financial system via a one-year policy loan Friday, a day after announcing another cut to lenders’ reserve requirements, a move that could free up as much as 500 billion yuan by some estimates. It also injected 34 billion yuan via a 14-day money-market loan.
• The central bank kept the MLF borrowing cost, a policy rate, unchanged at 2.5%, after a surprise 15-basis-point cut last month.