China’s Central Bank Issues Loans Worth USD49.2 Billion via MLF as Previous Loans Mature

Yicai

2016-12-07

(Yicai Global) Dec. 7 – The People’s Bank of China (PBOC) has lent a total of CNY339 billion (USD49.2 billion) to 24 financial institutions through its medium-term lending facility (MLF) to ensure reasonable and ample liquidity in the banking system, China’s Central Bank said via its official microblogging Weibo account.

The lending comes at a time when previous MLF loans have matured. Six-month MLF loans totaling CNY11.5 billion matures today.

Under the new lending terms, CNY151 billion will mature in six months and CNY188 billion will mature in one year, with interest rates remaining the same as those of the last MLF loans, at 2.85 percent and 3.0 percent respectively.