In order to keep liquidity adequate in the banking system, and better meet the differentiated funding needs of participating financial institutions, the Medium-term Lending Facility (MLF) will be operated through variable-rate tenders with a fixed quantity in the form of multiple price auction, effective from this month. The PBOC will conduct MLF operations in the amount of RMB450 billion with a term of one year on March 25, 2025.
Date of last update
Nov. 29 2018
