China's central bank lends 393.5b yuan via MLF, rates unchanged

[BEIJING] China's central bank said on Wednesday it lent 393.5 billion yuan (S$81.338 billion) to 22 financial institutions via its medium-term lending facility (MLF).

Interest rates on the MLF loans were unchanged at 2.95 per cent for six-month loans and 3.1 per cent for one-year loans, the People's Bank of China (PBOC) said on its official weibo account.

The central bank lent 150 billion yuan for six months and 243.5 billion yuan for one year.

The PBOC uses the MLF and the standing lending facility as tools for managing short- and medium-term liquidity in the banking system.

REUTERS