Related News
PBOC injects US$62.2b via MLF tool
CHINA’S central bank yesterday injected 393 billion yuan (US$62.2 billion) into the market via the medium-term lending facility to maintain liquidity.
The People’s Bank of China, the central bank, said the injected funds would mature in one year at an interest rate of 3.25 percent.
The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.
The central bank increasingly relies on open-market operations, rather than changes in interest rates or reserve requirement ratios, to manage liquidity in a more flexible and targeted manner.
It suspended reverse repurchase, or repo, operations for the 15th consecutive working day yesterday, citing sufficient liquidity in the banking system.
China will maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.