BEIJING – The People’s Bank of China on Thursday announced that it will carry out a 500-billion-yuan ($73.6 billion) one-year medium-term lending facility (MLF) operation on Friday, aiming to maintain ample liquidity in the country’s banking system.
The central bank said this MLF operation will be conducted through variable-rate tenders with a fixed quantity, using a multiple-price auction.
With a 400-billion-yuan MLF maturing this month, the move will see a net injection of 100 billion yuan, according to the central bank.
Tanks to chinadaily.com.cn
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