China central bank surveys banks on medium-term lending demand, rates unchanged

[SHANGHAI] China's central bank has surveyed selected banks on their demand for liquidity via medium-term lending facilities (MLF), two traders with direct knowledge of the situation told Reuters on Wednesday.

The bank kept the rates on offer unchanged from the last operation in February, at 2.75 per cent for three-month loans, 2.85 per cent for six-month loans and 3.00 per cent for one-year loans, sources said.

The medium-term lending facility is a supplementary measure sometimes used by the central bank to adjust liquidity in the banking system.

The People's Bank of China did not offer an immediate comment when contacted by Reuters.

REUTERS