SHANGHAI (Reuters) – China’s central financial institution performed a medium-term mortgage operation on Friday whereas protecting the rate of interest unchanged.
The Individuals’s Financial institution of China (PBOC) issued 700 billion yuan ($98.36 billion) value of one-year medium-term lending facility (MLF) loans to some monetary establishments at 2.00%, unchanged from the earlier fee, in accordance with a web-based assertion from the financial institution.
The bid charges in Friday’s operation ranged from 1.90% to 2.30%, the central financial institution stated.
A batch of 789 billion yuan value of MLF loans was attributable to expire this month.
($1 = 7.1167 )
