BEIJING — China’s central bank on Friday announced that it will conduct a 600-billion-yuan (about $84.13 billion), one-year medium-term lending facility (MLF) operation on Aug 25 to maintain ample liquidity in the country’s banking system.
The People’s Bank of China said the MLF operation will be conducted using a fixed-quantity, interest-rate-bidding and multiple-price-bidding method.
The MLF was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.
Tanks to chinadaily.com.cn
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