Cen­tral bank in­jects liq­uid­ity

China Daily (Canada) - - BUSINESS -

China’s cen­tral bank an­nounced on Tues­day it had pumped more than 590.3 bil­lion yuan ($85.6 bil­lion) into the market via mul­ti­ple tools in April. The Peo­ple’s Bank of China said it in­jected 495.5 bil­lion yuan via the medi­umterm lend­ing fa­cil­ity to keep liq­uid­ity ba­si­cally sta­ble. The MLF op­er­a­tion in­cludes 128 bil­lion yuan that will ma­ture in six months and 367.5 bil­lion yuan that will ma­ture in one year, bring­ing the to­tal out­stand­ing MLF loans to 4.1 tril­lion yuan at the end of April. The in­ter­est rates stood at 3.05

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