SHANGHAI, March 15 (Reuters) - China’s central bank on Monday injected medium-term loans into the banking system while keeping the interest rate unchanged for an 11th straight month.
The People’s Bank of China (PBOC) said in a statement it was keeping the rate on 100 billion yuan ($15.37 billion) worth of one-year medium-term lending facility (MLF) loans to financial institutions steady at 2.95% from previous operations.
The PBOC also said the operation was a rollover of the same amount of maturing MLF loans due on Tuesday.
It added that it has injected another 10 billion yuan worth of seven-day reverse repos into the banking system.
With same amount of reverse repos maturing on the same day, the central bank has made no fund injection or withdrawal on a net basis on the day. ($1 = 6.5081 Chinese yuan) (Reporting by the Shanghai Newsroom; Editing by Kim Coghill)
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March 15, 2021 at 09:06AM
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China cbank rolls over 100 bln yuan of medium-term loans, keeps rate unchanged for 11th month - Reuters
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