China cuts interest rate of MLF

0 Comment(s)Print E-mail Xinhua, February 17, 2020
Adjust font size:

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. Enditem

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from