SHANGHAI (Reuters) – China’s central bank conducted a medium-term loan operation on Wednesday while keeping the interest rate unchanged.
The People’s Bank of China (PBOC) issued 300 billion yuan ($41.10 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions at 2.00%, unchanged from the previous rate, according to an online statement from the bank.
The bid rates in Wednesday’s operation ranged from 1.90% to 2.30%, the central bank said.
A batch of 1.45 trillion yuan worth of MLF loans was due to expire this month.
($1 = 7.2984 )
(This story has been refiled to correct the spelling of ‘cenbank’ in the headline)