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

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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.

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