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PBOC Targets Rural Commercial Banks With USD1.7 Billion MLF Loans
Tang Shihua
DATE:  Jul 15 2019
/ SOURCE:  yicai

(Yicai Global) July 15 -- China's central bank has conducted CNY200 billion (USD29.1 billion) worth of one-year medium-term lending facility loans today as a sum of CNY188.5 billion in such loans matured. The liquidity boost of CNY11.5 billion (USD1.7 billion) targets rural commercial banks.

The interest rate was unchanged at 3.3 percent, the central bank said in a statement on its website.

The bank started offering special MLF support for rural commercial banks in May. 

Editor: Emmi Laine

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Keywords: Open Market Operation,MLF,Cash Injection,PBOC