China central bank pumps liquidity

The People’s Bank of China injected 650 billion yuan (RM413bil) into the market through one-year MLF with an interest rate of 2.75%. — Reuters

BEIJING: China’s central bank has added liquidity to the banking system via operations of medium-term lending facility (MLF) and reverse repos.

The People’s Bank of China (PBoC) injected 650 billion yuan (RM413bil) into the market through one-year MLF with an interest rate of 2.75%.

The central bank also conducted seven-day reverse repos worth two billion yuan (RM1.27bil) at an interest rate of 2%. — Xinhua