BEIJING, Feb. 4 (Xinhua) -- China's central bank said Friday that it had pumped 551 billion yuan (about 80.26 billion U.S. dollars) into the financial system via the medium-term lending facility (MLF) in January.
On Jan. 13, the People’s Bank of China conducted 123 billion yuan worth of 6-month MLFs with interest rate at 2.85 percent and 182.5 billion yuan worth of one-year MLFs with interest rate at 3.0 percent. On Jan. 24, the central bank conducted 138.5 billion yuan worth of 6-month MLFs carrying an interest rate of 2.95 percent and 107 billion yuan worth of 1-year MLFs carrying a rate of 3.1 percent.
The outstanding amount of MLFs to financial institutions had totaled 3.57 trillion yuan by the end of January.
The MLF tool was first introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank by using securities as collateral. Enditem (Edited by Yang Yifan, yangyifan@xinhua.org)
A single purchase
