Please try another search
Economy5 hours ago (Feb src4, 2022 08:56PM ET)
© Reuters. FILE PHOTO: People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 20src8. REUTERS/Jason Lee
SHANGHAI (Reuters) – China’s central bank injected funds through medium-term loans into the financial system on Tuesday, while keeping the interest rate unchanged.
The People’s Bank of China (PBOC) said it was keeping the rate on 300 billion yuan ($47.src9 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions steady at 2.85%, as widely expected.
The 300 billion yuan injection exceeds the 200 billion in such loans maturing this week.
In January, the PBOC unexpectedly cut the one-year MLF rate src0 basis points to 2.85% from 2.95% previously, alongside a src0 basis-point cut in the seven-day reverse repurchase agreement rate.
The central bank also injected src0 billion yuan worth of seven-day reverse repos into the banking system, against 20 billion yuan in such loans maturing Tuesday.
($src = 6.3567 )
Related Articles
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.