China's PBOC conducts $125.14-bn medium-term MLF operation

26 Nov '24

1 min read

China's PBOC conducts $125.14-bn medium-term MLF operation

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China's central bank today conducted a 900-billion-yuan (~$125.14 billion) medium-term lending facility (MLF) operation to maintain liquidity in the banking system.
After the latest operation, the outstanding MLF balance stood at 6.239 trillion yuan.
MLF funds worth around 1.45 trillion yuan will mature this month.
The central bank conducted 500 billion yuan of outright reverse repos in October.

China's central bank today conducted a 900-billion-yuan (~$125.14 billion) medium-term lending facility (MLF) operation to maintain liquidity in the domestic banking system.

After the latest operation, the outstanding MLF balance stood at 6.239 trillion yuan, a state-controlled media outlet reported.

The MLF operation features a one-year maturity period and an interest rate of 2 per cent, unchanged from the rate of the previous operation conducted last month, a statement on the bank’s website said.

MLF funds worth around 1.45 trillion yuan will mature this month. The central bank conducted 500 billion yuan of outright reverse repos in October—equivalent to releasing a degree of medium-term liquidity in advance.

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