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Market Update: PBoC Injects CNY 200 Billion through Medium-Term Loans
The Peoples Bank of China rolled over maturing medium-term loans on Tuesday, while holding the interest rate steady for the 14th month running. The central bank said it was keeping the rate on CNY 200 billion worth of one-year medium-term lending facility (MLF) loans to some financial institutions steady at 2.95% from previous operations. The fresh fund injection via the liquidity tool offsets the same amount of such MLF loans due on the same day. The central bank said it injected another CNY 10 billion worth of seven-day reverse repos into the banking system on the day. With CNY 20 billion worth of reverse repos in maturity, the PBOC drained a net CNY 10 billion today. source: People’s Bank of China [/s2If]
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