Economy

China cenbank conducts medium-term loan operation, leaves rate unchanged

Published

SHANGHAI (Reuters) – China’s central bank conducted a medium-term loan operation on Wednesday while keeping the interest rate unchanged.

The People’s Bank of China (PBOC) issued 300 billion yuan ($41.10 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions at 2.00%, unchanged from the previous rate, according to an online statement from the bank.

The bid rates in Wednesday’s operation ranged from 1.90% to 2.30%, the central bank said.

A batch of 1.45 trillion yuan worth of MLF loans was due to expire this month.

($1 = 7.2984 Chinese yuan)

(This story has been refiled to correct the spelling of ‘cenbank’ in the headline)

This post appeared first on investing.com

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