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China's central bank to conduct MLF around June 15 as 500 billion yuan of such loans expire
Reuters
Last Updated IST
 People's Bank of China. Credit: Reuters
People's Bank of China. Credit: Reuters

China's central bank said it would conduct medium-term lending facility (MLF) operations around June 15, as a batch of 500 billion yuan ($70.55 billion) worth of such loans expired on Monday.

The People's Bank of China (PBOC) said in an online statement that it would conduct a one-off MLF operation this month, while the volume would be dependent on market demand.

Another batch of MLF loans with a value of 240 billion yuan is due to expire on June 19.

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In the same statement, the PBOC said it had injected 120 billion yuan into the banking system on Monday through seven-day reverse repurchase agreements, while keeping the interest rate unchanged at 2.20%.

The reverse repo injection was meant to keep the banking system liquidity "reasonably ample", it added.

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(Published 08 June 2020, 09:13 IST)