China central bank retains MLF rate

THE People's Bank of China, China's central bank, on Monday added 995 billion yuan ($138.84 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions but kept the policy rate unchanged.

In order to maintain reasonable and ample liquidity in the banking system, the central bank conducted 89 billion yuan ($12.52 billion) of seven-day reverse repos at an interest rate of 1.8 percent.

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