LINE

Text:AAAPrint
Economy

China's central bank injects liquidity into market via MLF

1
2018-02-13 15:17Xinhua Editor: Gu Liping ECNS App Download

China's central bank Tuesday injected 393 billion yuan (about 62.2 billion U.S. dollars) into the market via the medium-term lending facility (MLF) to maintain liquidity.

The People's Bank of China, the central bank, said the injected funds would mature in one year at an interest rate of 3.25 percent.

The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

The central bank increasingly relies on open-market operations, rather than changes in interest rates or reserve requirement ratios, to manage liquidity in a more flexible and targeted manner.

It suspended reverse repo operations for the 15th consecutive working day Tuesday, citing sufficient liquidity in the banking system.

China will maintain a prudent and neutral monetary policy in 2018 as it strives to balance growth and risk prevention.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.