{"id":112120,"date":"2021-04-15T02:16:49","date_gmt":"2021-04-15T02:16:49","guid":{"rendered":"https:\/\/fin2me.com\/?p=112120"},"modified":"2021-04-15T02:16:49","modified_gmt":"2021-04-15T02:16:49","slug":"chinas-central-bank-injects-150-bln-yuan-through-medium-term-loans","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/chinas-central-bank-injects-150-bln-yuan-through-medium-term-loans\/","title":{"rendered":"China's central bank injects 150 bln yuan through medium-term loans"},"content":{"rendered":"
SHANGHAI, April 15 (Reuters) – China\u2019s central bank injected medium-term loans into the banking system on Thursday, while keeping the interest rate unchanged for a whole year.<\/p>\n
The People\u2019s Bank of China (PBOC) said in an online statement it was keeping the rate on 150 billion yuan ($22.97 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions steady at 2.95% from previous operations.<\/p>\n
The PBOC added the operation was a rollover of 100 billion yuan of maturing MLF loans due on Thursday, while also covering 56.1 billion yuan worth of targeted medium-term lending facility (TMLF) expiring later this month, according to the statement.<\/p>\n
The central bank also injected another 10 billion yuan worth of seven-day reverse repos into the banking system on the day, offseting same amount of such short-term liquidity tool due on Thursday.<\/p>\n
($1 = 6.5292 Chinese yuan)<\/p>\n