Mumbai, Feb. 25 -- China's central bank on Tuesday conducted a 300-billion-yuan ($41.83 billion) medium-term lending facility (MLF) operation to maintain ample liquidity in the country's 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, according to a statement on the website of the People's Bank of China. After the latest operation, the outstanding MLF balance stood at 4.09 trillion yuan.
Published by HT Digital Content Services with permission from Capital Market....