KONTAN.CO.ID - SHANGHAI. China's central bank kept the interest rate on its medium-term lending facility (MLF) unchanged on Monday, just a week after slightly lowering a new lending benchmark rate for bank loans designed to reduce borrowing costs. The People's Bank of China (PBOC) said on its website the interest rate on one-year MLF loans remained at 3.3%, the same as the previous operations. The PBOC also said it has injected 150 billion yuan ($21.15 billion) to financial institutions via the liquidity tool. On Monday, a batch of 149 billion yuan worth of one-year MLF loans was due to mature.
China central bank lends 150 billion yuan worth of 1-year MLF, with rate unchanged
KONTAN.CO.ID - SHANGHAI. China's central bank kept the interest rate on its medium-term lending facility (MLF) unchanged on Monday, just a week after slightly lowering a new lending benchmark rate for bank loans designed to reduce borrowing costs. The People's Bank of China (PBOC) said on its website the interest rate on one-year MLF loans remained at 3.3%, the same as the previous operations. The PBOC also said it has injected 150 billion yuan ($21.15 billion) to financial institutions via the liquidity tool. On Monday, a batch of 149 billion yuan worth of one-year MLF loans was due to mature.