The People's Bank of China has conducted a 150bn yuan Medium Term Lending Facility (MLF)
- injects 150bn yuan
- rate 2.95%
- 1 year term
PBOC says this to cover (ie roll over) maturities:
- 100bn yuan of MLF matures today
- 56bn yuan of a targeted MLF matures on April 25
Thus a small net drain.
