China cenbank conducts medium-term mortgage operation, price unchanged

SHANGHAI (Reuters) – China’s central financial institution performed a medium-term mortgage operation on Friday and left the rate of interest unchanged.

The Folks’s Financial institution of China (PBOC) lent 200 billion yuan ($27.46 billion) price of one-year medium-term lending facility (MLF) loans to some monetary establishments at 2.00%, unchanged from the earlier price, in response to an internet assertion from the financial institution.

The mortgage operation was meant to “maintain banking system liquidity fairly ample”, the PBOC mentioned within the assertion.

The bid charges in Friday’s operation ranged from 1.80% to 2.20%, the central financial institution mentioned.

A batch of 995 billion yuan price of MLF loans was because of expire this month.

($1 = 7.2825 Chinese language yuan)