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PBOC Mounts RMB300B 1-Yr MLF; Interest Rate Cut to 2%
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In order to maintain a reasonably sufficient liquidity in the banking system, the People's Bank of China (PBOC) launched a medium-term lending facility (MLF) operation of RMB300 billion today (25th) with a term of one year, the PBOC announced. The maximum and minimum bidding interest rates were 2.3% and 1.9% respectively, and the winning bid interest rate was 2% (previously 2.3%). After the operation, the MLF balance was approximately RMB6.88 trillion. AAStocks Financial News |
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