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China's central bank injects 1 tn yuan via medium-term loans, same rates

The People's Bank of China said it was keeping the rate on 1 trillion yuan worth of one-year medium-term lending facility loans to some financial institutions steady at 2.95% from previous operations.

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The PBOC added that the operation was a rollover of the same amount of MLF loans maturing in November, including 800 billion yuan worth of such loans expiring on Tuesday and another 200 billion yuan of MLFs due on Nov. 30.

Reuters

1 min read Last Updated : Nov 15 2021 | 7:48 AM IST

China's central bank injected funds through medium-term loans into the financial system on Monday, while keeping the interest rate unchanged for the 19th month in a row.

The People's Bank of China (PBOC) said it was keeping the rate on 1 trillion yuan ($156.77 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions steady at 2.95% from previous operations.

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Topics : China China central bank loan rates

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