China conducts 300-billion-yuan MLF at lower interest rate
A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] BEIJING – China’s central bank on Wednesday conducted a 300-billion-yuan ($42.73 billion) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system. The MLF operation had a maturity of one year with an interest rate…