{"id":103236,"date":"2024-11-25T07:03:16","date_gmt":"2024-11-25T07:03:16","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/index.php\/2024\/11\/25\/china-conducts-900-billion-yuan-mlf-operation-to-sustain-banking-liquidity\/"},"modified":"2024-11-25T07:03:16","modified_gmt":"2024-11-25T07:03:16","slug":"china-conducts-900-billion-yuan-mlf-operation-to-sustain-banking-liquidity","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/china-conducts-900-billion-yuan-mlf-operation-to-sustain-banking-liquidity\/","title":{"rendered":"China conducts 900-billion-yuan MLF operation to sustain banking liquidity"},"content":{"rendered":"<p><strong>China\u2019s central bank on Monday conducted a 900-billion-yuan (about 125.14 billion U.S. dollars) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the country\u2019s banking system.<\/strong><\/p>\n<p>The MLF operation features a one-year maturity period and an interest rate of 2 percent, unchanged from the rate of the previous operation conducted last month, according to a statement on the website of the People\u2019s Bank of China.<\/p>\n<p>After the latest operation, the outstanding MLF balance stood at 6.239 trillion yuan.<\/p>\n<p>\u201cThe MLF rate follows market trends and fluctuates in sync with market interest rates. Recently, policy interest rates and the loan prime rate, a market-based benchmark lending rate, have remained stable, hence the MLF rate also remains unchanged this month,\u201d said Wang Qing, chief macro analyst at Golden Credit Rating.<\/p>\n<p>Some 1.45 trillion yuan of MLF funds will mature this month. The central bank conducted 500 billion yuan of outright reverse repos in October, which was equivalent to releasing a degree of medium-term liquidity in advance.<\/p>\n<p>At present, long-term liquidity in the market remains relatively abundant, analysts stated.<\/p>","protected":false},"excerpt":{"rendered":"<p>China\u2019s central bank on Monday conducted a 900-billion-yuan (about 125.14 billion U.S. dollars) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the country\u2019s banking system. The MLF operation features a one-year maturity period and an interest rate of 2 percent, unchanged from the rate of the previous operation conducted last month, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-103236","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/103236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=103236"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/103236\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=103236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=103236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=103236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}