PBoC rolls over 500bn yuan policy loans to maintain liquidity
Central bank keeps the rate on the medium-term loans unchanged at 2.75%
China’s central bank halted its programme of cash withdrawal via its medium-term loans for the first time in three months to boost the economy.
The People’s Bank of China injected 500 billion yuan ($70 billion) worth of one-year medium-term lending facility (MLF) loans to the banking system today (October 17), matching the amount maturing this month.
The central bank also kept the rate on the loans unchanged at 2.75%. The MLF rate serves as a guide to the loan prime rate (LPR), which is
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