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PBOC to Conduct 800 Billion Yuan 1-Year MLF Operation on Sept 24
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The People's Bank of China (PBOC) announced on September 24 that it will conduct an 800 billion yuan Medium-term Lending Facility (MLF) operation with a one-year term. The operation will use a fixed-quantity, interest-rate bidding, and multiple-price award method. This is a routine monetary policy tool used by the central bank to manage liquidity in the banking system and influence medium-term interest rates. The announcement was reported by CLS, a Chinese financial news service.
Source report
On September 24, the People's Bank of China (PBOC) will carry out a Medium-term Lending Facility (MLF) operation totaling 8000 billion yuan.
Key details of the operation:
- Type: Fixed-quantity, interest rate bidding, multiple-price auction
- Maturity: 1-year term
Source
财联社Eastern