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No Medium-term Lending Facility (MLF) operation from the People's Bank of China today

No Medium-term Lending Facility (MLF) operation from the People's Bank of China today

Central Banks
Eamonn Sheridan
15/08/2024 | 01:25 GMT
  • The PBoC says it'll conduct the MLF on August 26

The bank injected 577 bn yuan in 7 day reverse repos instead today.

The Bank says this is meant to counteract the maturing MLF loans, tax payments, and government bond issuance.

401bn yuan of MLF come due

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