In order to keep the liquidity adequate in the banking system, the People’s Bank of China (PBOC) conducted Medium-term Lending Facility (MLF) operations in the amount of RMB300 billion with a term of one year and at a interest rate of 2.00 percent on December 25, 2024. The maximum bid rate was 2.30 percent and the minimum bid rate was 1.90 percent.
The outstanding MLFs totaled RMB5.0890 trillion after the operation.
Date of last update
Nov. 29 2018
