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Economy

China cuts interest rate of MLF

February 17, 2020


Abstract : China's central bank cut the interest rate of medium-term lending facility (MLF) to 3.15 percent on Monday, 10 basis points lower than the previous MLF.

BEIJING, Feb. 17 (Xinhua) -- China's central bank cut the interest rate of medium-term lending facility (MLF) to 3.15 percent on Monday, 10 basis points lower than the previous MLF.

The People's Bank of China injected 200 billion yuan (about 28.66 billion U.S. dollars) into the market via the MLF, with no MLF maturing Monday, according to the bank.

The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

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Keyword: PBOC MLF

Reading:

China takes sweeping measures to ensure financial stability amid epidemic

China's central bank injects more liquidity into market amid epidemic battle

China's central bank injects liquidity into market in January

China's latest LPRs remain unchanged

Economic Watch: China walks fine line to contain inflation while maintaining growth

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