China hikes interbank lending rates
PBoC “very worried” by banks’ credit expansion, expert says
The People's Bank of China raised the rate it charges commercial banks on its medium-term lending facility (MLF) by 10 basis points, it announced on its Weibo social media account on January 24. One informed observer said the move was largely prompted by central bank concerns over an expansion of credit by Chinese banks.
The PBoC said it had also supplied 245.5 billion yuan ($35.7 billion) to 22 financial institutions under the MLF. Of that total, 138.5 billion yuan was provided on six-month
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