[ad_1]
(Repeat more subscribers, attach to alerts)
SHANGHAI, July 23 (Reuters) – China's central bank on Tuesday loaned a total of 497.7 billion yuan ($ 72.31 billion) in medium-term loans to financial institutions with interest rates. unchanged.
Global financial markets close by watching China, which should soon intensify its easing to support the economic slowdown.
The People's Bank of China (PBOC) has granted 200 billion yuan under its medium-term loan facility (MLF) over one year and 297.7 billion yuan in loans to the Medium Term Loan Facility (TMLF) said the group in a statement.
Interest rates for both liquidity facilities are unchanged from previous levels. One-year MLF and TMLF remained at 3.30% and 3.15%, respectively, the PBOC reported.
The central bank also said that the liquidity of the banking system would be "reasonably sufficient" after the lending operations, while Tuesday's transactions were "basically equivalent" to medium-term loans maturing on that day, the statement said. .
A batch of 502 billion yuan in MLF loans, as well as 160 billion yuan in repo, is due to expire on Tuesday, according to Reuters calculations based on official data.
$ 1 = 6.8830 Chinese yuan
Report by Winni Zhou and Andrew Galbraith; Edited by Kim
Coghill
Source link
