PBoC ramps up liquidity support for commercial banks
Injection is the second largest loan of its kind on record
The People Bank of China injected 500 billion yuan ($72 billion) to the financial system through its medium-term lending facility (MLF) on June 6, offsetting 463 billion yuan of maturing MLF loans.
The action comes after the central bank took over Baoshang Bank, a medium-sized lender that was close to collapse.
In a statement on its website, the PBoC said the interest rate on the one-year MLF loans would remain the same at 3.3%. The injection of liquidity is the second largest of its kind on
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com