China Injects $98.5 Billion into Banking System via Medium-Term Lending Facility

BEIJING: China's central bank has executed a medium-term lending facility (MLF) operation amounting to 700 billion yuan, equivalent to approximately $98.5 billion, to ensure the availability of sufficient liquidity within its banking system. According to Emirates News Agency, this MLF operation features a one-year maturity with an interest rate of 2 percent, maintaining the same rate as the previous month's operation. Following this liquidity injection, the outstanding balance of the MLF reached 6.789 trillion yuan.