PBOC injects MLF funds into market

China’s central bank pumped cash into the financial system through open market operations on Thursday to maintain liquidity in the market. A total of 200 billion yuan ($31 billion) was injected into the market via medium-term lending facility, according to the People’s Bank of China, the central bank. The funds will mature in one year at an interest rate of 2.95 percent. The operation included a rollover of MLF funds that matured on Thursday. Meanwhile, the central bank injected 20 billion yuan into the market through seven-day reverse repos at an interest rate of 2.2 percent.