China's central bank to run medium-term loan operations

Source: ABF 2020-05-18

A batch of $28.b in loans will expire on 14 May.

The People’s Bank of China (PBOC) will conduct medium-term lending facility (MLF) operations on 14 May, reports Reuters.

According to sources, a batch of $28.2b (CNY200b) worth of one-year MLF loans is due to expire on that day.

Markets will closely monitor the interest rate on the new MLF loan injection to gauge the PBOC’s monetary stance.

The MLF now acts as a guide for the central bank’s new lending benchmark.

Subscribe Now

Subscribe to Fazzaco daily newsletter to learn updates of the forex, fintech, and crypto industries

Please enter a valid email address

Subscribe Now

By clicking Subscribe Now, you acknowledge and agree to Fazzaco's Privacy Policy

Thank you for subscribing to our newsletter. You've been added to our mailing list and will hear from us very soon

Subscribe to Fazzaco daily newsletter to learn updates of the forex, fintech, and crypto industries

Please enter a valid email address

Subscribe Now

By clicking Subscribe Now, you acknowledge and agree to Fazzaco's Privacy Policy

Thank you for subscribing to our newsletter. You've been added to our mailing list and will hear from us very soon