China conducts 700b yuan MLF to inject liquidity
Xinhua |
Updated: 2024-10-25 16:14
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BEIJING - China's central bank on Friday conducted a 700-billion-yuan ($98.5 billion) 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 6.789 trillion yuan.
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