The People’s Bank of China’s (PBOC) latest stimulus measure should be positive for the region if it prevents a further slowdown of the Chinese economy, the Bangko Sentral ng Pilipinas (BSP) said.

On Tuesday, the PBOC added cash to China’s financial system after it auctioned 30 billion yuan or $4.7 billion worth of seven-day reverse-repurchase contracts in its open-market operations at a yield of 2.25 percent.

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