SHANGHAI, March 15 (Reuters) – China’s central bank on Monday injected medium-term loans into the banking system while maintaining the interest rate unchanged for the 11th straight month.
The People’s Bank of China (PBOC) said in a statement that it maintained the 100 billion Yuan ($ 15.37 billion) worth of one-year medium-term loan (MLF) loans to financial institutions at 2.95%. from previous activity.
The PBOC also said this work was a distribution of the same amount of mature MLF loans due on Tuesday.
He said he has brought another 10 billion Yuan worth of seven-day reverse repos into the banking system.
With the same number of reverse repos maturing on the same day, the central bank did not inject cash or withdraw on a net basis on the day. ($ 1 = 6.5081 Chinese Yuan) (Reported by Shanghai Newsroom; Edited by Kim Coghill)