PBOC Lowers Medium Term LF Rate and Injects 100 Billion Yuan into Banking System
Posted on 04/15/2020
People’s Bank of China (PBOC) cut the interest rate on the Medium Term Lending Facility operation to 2.95% from 3.15%. This is the lowest rate ever for the Medium Term Lending Facility operation.
In addition, the central bank is injecting 100 billion yuan (US$ 14,210,400,000) worth of funds through the 1-year Medium Term Lending Facility operation.