In order to keep the liquidity adequate at a reasonable level in the banking system, the People’s Bank of China (PBOC) conducted Medium-term Lending Facility (MLF) operations in the amount of RMB700 billion with a term of one year and at a interest rate of 2.00 percent on October 25, 2024. The maximum bid rate was 2.30 percent and the minimum bid rate was 1.90 percent.
The outstanding MLFs totaled RMB6.789 trillion after the operation.
Date of last update
Nov. 29 2018
