Adds in funds via a one-year medium term lending facility, 240bn yuan amount

  • rate unchanged from the previous MLF at 3.3%

People's Bank of China says in a statement the added funds are intended to ensure stable liquidity. Its a slight add of funds as 200bn yuan of MLF matures today.

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Medium-term Lending Facility (MLF)

  • can be three, six and 12 months loans \(9today's is a 12 month loan as noted above)
  • loans to banks