Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 25 (Xinhua) — The People’s Bank of China (PBOC, the central bank) on Wednesday launched a 300 billion yuan (about 41.86 billion U.S. dollars) medium-term lending facility (MLF) to maintain sufficient liquidity in the banking system.
According to the regulator, the one-year transaction was carried out on a fixed-quantity basis and interest-rate trading.
With 182 billion yuan of MLF maturing this month, net inflows through the facility in June were only 118 billion yuan.
Earlier this month, the PBOC also conducted two direct reverse repos, which brought in a total of 200 billion yuan of net liquidity, bringing the total medium-term net liquidity injections for June to 318 billion yuan.
Analysts note that as government bond issuance accelerates, sustained liquidity support plays a key role in reducing funding volatility and strengthening market expectations. -0-