Mumbai, March 15 -- The People's Bank of China (PBoC) injected CNY 387 billion through a one-year medium-term lending facility (MLF) on March 15th to maintain banking system liquidity. The central bank kept the interest rate at 2.50% to stabilize the yuan. With CNY 481 billion of MLF loans set to expire this month, the operation withdrew a net CNY 94 billion in fresh funds from the banking system. Additionally, the PBoC injected CNY 13 billion through a seven-day reverse repurchase operation while maintaining borrowing costs at 1.8%.
Published by HT Digital Content Services with permission from Capital Market....