PBOC added liquidity through MLF positions

FXStreet (Mumbai) - The People’s Bank of China (PBOC), via its statement, informed that it added liquidity today through the mid-term lending facility at 3.25%.

The move is aimed at maintaining the reasonably ample liquidity in the banking system, the banks said and added it will encourage financial institutions to increase support for small companies and agriculture.

The bank injected liquidity of CNY 100 billion into the Mid-Term Lending Facility (MLF).