13.1 C
New York
Thursday, May 26, 2022

China central bank rolls over MLF loans, injects funds via PSL

China central bank rolls over MLF loans, injects funds via PSLChina central bank rolls over MLF loans, injects funds via PSL

SHANGHAI (Reuters) – China’s central bank lent 156 billion yuan ($24.63 billion) to financial institutions on Monday via its 1-year medium-term lending facility (MLF) with rates unchanged and 80.1 billion yuan through pledged supplementary lending (PSL), it said in a statement.

The cash injection through MLF came as the first such operation after the People’s Bank of China (PBOC) cut the reserve requirement ratio (RRR) at commercial banks in April to repay their respective outstanding MLFs.

The new MLF injection effectively rolled over the same amount of such loans maturing on Monday. A batch of MLF worth 156 billion yuan was set to expire on the same day.

The interest rate for the one-year MLF was unchanged at 3.30 percent, according to the statement.

The PBOC said in the same statement that it skipped reverse repos on Monday morning.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,304FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles