Loans – PBOC injects 200 bln yuan of medium-term loans, charge unchanged
SHANGHAI, Nov 30 (Reuters) – China’s central bank injected 200 billion yuan ($30.42 billion) in medium-term loans into the banking system and saved borrowing prices unchanged.
The Folks’s Bank of China (PBOC) mentioned in an announcement it was retaining the speed on one-year medium-term lending facility (MLF) loans to monetary establishments regular at 2.95%.
The PBOC can be injecting one other 150 billion yuan on Monday through reverse repo operations, it mentioned.
There aren’t any MLF loans set to run out on Monday. The PBOC carried out an earlier MLF operation on Nov. 16 by injecting 800 billion yuan into the monetary system.
The PBOC additionally mentioned on Monday it might conduct one other MLF operation on Dec. 15 to roll over maturing loans for December, however the quantity can be depending on market demand. ($1 = 6.5738 Chinese language yuan)
Reporting by Winni Zhou and Andrew Galbraith; Modifying by Christian Schmollinger