PBC in­jects funds into mar­ket via MLF

Global Times US Edition - - BIZUPDATE -

China’s cen­tral bank on Thurs­day in­jected 187.5 bil­lion yuan ($27.33 bil­lion) into the mar­ket via the medi­umterm lend­ing fa­cil­ity (MLF) to main­tain liq­uid­ity.

The funds will ma­ture in one year with an in­ter­est rate of 3.3 per­cent, un­changed from pre­vi­ous op­er­a­tions, the Peo­ple’s Bank of China (PBC), the coun­try’s cen­tral bank, said on its web­site.

The op­er­a­tion ef­fec­tively rolled over an equal amount of such loans, which ma­tured Thurs­day.

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