PBOC injects 200 billion Yuan via MLF today

The People’s Bank of China (PBOC) injected CNY 200 billion through one-year Medium-term Lending Facility (MLF) at an unchanged rate of 3.3 percent.

The Chinese central bank noted that it conducted the MLF operation today in a bid to counter a mid to long term liquidity gap in banking system in lieu of tax payments, government bond issuance, maturing reverse repos (RRs).