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China c.bank lends 298 bln yuan via MLF, rates unchanged

China c.bank lends 298 bln yuan via MLF, rates unchanged

SHANGHAI: China’s central bank said on Thursday it injected 298 billion yuan ($45.70 billion) into the financial system via one-year medium-term lending facility (MLF) loans.

Interest rates for the MLF loans were unchanged at 3.20 percent, the People’s Bank of China (PBOC) said in a statement on its website. Two batches of MLF loans worth 169.5 billion yuan are maturing on the same day. And another batch of six-month MLF loans, with a volume of 113.5 billion yuan, is due to mature on Sept. 16. In the same statement, the central bank said it had skipped reverse repos on Thursday.