People's Bank of China injects 257.5bn yuan
- 1 year 'targeted' MLF, a TMLF
- rate is 3.15%
The TMLF is a new tool from the Bank, aim is to release long-term liquidity to support private and small companies. The PBOC introduced the tool into their arsenal in December last year, today is its first use. It can be used to inject funds for up to 3 years, today's is for 1 year though.
