China conducts 900-bln-yuan MLF to inject liquidity

25/11/2024 13:45
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KPL China's central bank on Monday conducted a 900-billion-yuan (about 125.14 billion U.S. dollars) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system.

(Xinhua/ KPL​) China's central bank on Monday conducted a 900-billion-yuan (about 125.14 billion U.S. dollars) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system.

The MLF operation has a one-year maturity with an interest rate of 2 percent, unchanged from the rate of the previous operation conducted last month.

After the operation, the outstanding balance of the MLF stood at 6.239 trillion yuan.

KPL

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