Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November


The People’s Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150 billion yuan in reverse repo operations on Monday 30 November, with rates of 2.95% and 2.20% respectively.

PBOC said that Monday’s open market operations were for the purpose of “maintaining stable end-of-month liquidity.”

PBOC said it will also undertook MLF operations on 15 December, including extensions of MLF scheduled to mature on 7 and 16 December, although specific amounts will be determined based conditions including market demand.