China conducts 300-billion-yuan MLF at lower interest rate
Xinhua |
Updated: 2024-09-25 17:51
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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 of 2 percent, 30 basis points lower than the previous level.
After the operation, the outstanding balance of the MLF stood at 6.878 trillion yuan.
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