China Conducts 300-Billion-Yuan Medium-term Lending Facility OperationBeijing, 25 Feb (ONA) — China’s central bank today conducted a 300-billion-yuan (about $41.83 billion) medium-term
lending facility (MLF) operation to maintain ample liquidity in the
country’s banking system.
The MLF operation features a one-year maturity period and an
interest rate of 2%, unchanged from the rate of the previous
operation conducted last month, according to a statement on the
website of the People’s Bank of China.
After the latest operation, the outstanding MLF balance stood at
4.09 trillion yuan.
Today’s operation was a scaled-down rollover, as a total of 500
billion yuan of MLF will mature this month.— Ends/Khalid
