The People’s Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion yuan in reverse repo operations, in order to keep liquidity in the Chinese banking system “rationally ample.”
The rates for the 1-year MLF’s were 2.95%, while the rates for the 7-day reverse repos were 2.20%, both of which mark no change compared to the previous round of operations.
17 May also saw the maturation of 20 billion yuan in Chinese central bank reverse repos.
