A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC]
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.
Tanks to chinadaily.com.cn
Please visit:
Our Sponsor