Posted inChina

Central bank uses TMLF for market injection

The People’s Bank of China on Wednesday injected 267.4 billion yuan (US$39.8 billion) of liquidity into the market via the targeted medium-term lending facility, according to an official statement. The funds have maturity of up to three years and an annual interest rate of 3.15%, 15 basis points lower than the existing medium-term lending facility. […]

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