China central bank injects 100 billion yuan through medium-term loans - statement

China central bank injects 100 billion yuan through medium-term loans - statement
China central bank injects 100 billion yuan through medium-term loans - statement   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html   -  
By Reuters

<p><body> <p><span class="caps">SHANGHAI</span> (Reuters) – China’s central bank rolled over maturing medium-term loans on Monday, while keeping the interest rate unchanged for the 13th month in a row.</p> <p>The People’s Bank of China (<span class="caps">PBOC</span>) said in an online statement it was keeping the rate on 100 billion yuan ($15.54 billion) worth of one-year medium-term lending facility (<span class="caps">MLF</span>) loans to some financial institutions steady at 2.95% from previous operations.</p> <p>The fresh fund injection via the liquidity tool effectively offset the same amount of such <span class="caps">MLF</span> loans due on the same day.</p> <p>The central bank also injected another 10 billion yuan worth of seven-day reverse repos into the banking system on the day. With 20 billion yuan worth of reverse repos in maturity, the <span class="caps">PBOC</span> drained a net 10 billion yuan on Monday.</p> <p>($1 = 6.4367 Chinese yuan)</p> <p/> <p> (Reporting by Winni Zhou and Andrew Galbraith; Editing by Christian Schmollinger)</p> </body></p>