SHANGHAI, Nov 15 (Businesshala) – China’s central bank on Monday injected money into the financial system through medium-term loans, while keeping the interest rate unchanged for the 19th month in a row.
The People’s Bank of China (PBOC) said it was keeping the rate of one-year medium-term loan facility (MLF) loans worth 1 trillion yuan ($156.77 billion) to some financial institutions stable at 2.95% from previous operations.
PBOC said the operation was a rollover of an equal amount of MLF loans maturing in November, including 800 billion yuan worth of such loans ending Tuesday and another 200 billion yuan of MLF loans due on November 30.
The central bank on Monday injected seven-day reverse repurchase agreements worth 10 billion yuan into the banking system earlier in the day, compared to 100 billion yuan of such notes. ($1 = 6.3787 Chinese Yuan)