PBoC Injects Funds Into Financial System To Stabilize Money Supply

China’s central bank injected medium-term loans into the financial system, on Friday, in order to stabilize money supply.

The People’s Bank of China said it offered CNY 404 billion of one-year funds under the Medium-term Lending Facility.

The interest rates for the MLF remained unchanged at 3.20 percent.

A batch of CNY 207 billion of 12-month MLF loans is set to mature on Friday.
Source: RTT News