SHANGHAI (Reuters) – China’s central bank on Friday implemented medium-term lending and left interest rates unchanged.
The People’s Bank of China (PBOC) lent 200 billion yuan ($27.46 billion) of one-year medium-term loan (MLF) loans to some financial institutions at 2.00%, unchanged from the previous rate, according to an online statement from Bank.
The loan operation was intended to “maintain the liquidity of the banking system reasonably well,” the PBOC said in a statement.
Offer rates on Friday ranged from 1.80% to 2.20%, the central bank announced.
The annual series of 995 billion Yuan worth of MLF loans was due to expire this month.
($1 = 7.2825)
