China boosts liquidity
Print Edition
China鈥檚 central bank yesterday injected 502 billion yuan (US$74.3 billion) into the market via the medium-term lending facility to maintain liquidity.
The funds will mature in one year at an interest rate of 3.3 percent.
The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.
The People鈥檚 Bank of China increasingly relies on open-market operations, rather than changes in interest rates or reserve requirement ratios, to manage liquidity. China will maintain a prudent and neutral monetary policy as it strives to balance growth and risk prevention.
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