China Injects 300 Billion Yuan Into Market at Lower Interest Rate to Boost Liquidity

The People's Bank of China (PBOC) today injected 300 billion yuan (about $42.73 billion) into the market via the medium-term lending facility (MLF) mechanism, aiming to maintain reasonable and ample liquidity in the banking system. The maturity of this operation is one year and the interest rate is 2%, 30 basis points lower than the previous level. With this operation, the outstanding balance of the MLF increased to 6.878 trillion yuan. Source: Oman News Agency