PBoC rolls over 500bn yuan policy loans to maintain liquidity

The People’s Bank of China

China’s central bank halted its programme of cash withdrawal via its medium-term loans for the first time in three months to boost the economy.

The People’s Bank of China injected 500 billion yuan ($70 billion) worth of one-year medium-term lending facility (MLF) loans to the banking system today (October 17), matching the amount maturing this month.

The central bank also kept the rate on the loans unchanged at 2.75%. The MLF rate serves as a guide to the loan prime rate (LPR), which is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account