September 3, 2018 / 8:28 AM / 22 days ago

China outstanding pledged supplementary lending at 3,224.60 bln yuan at end-Aug – c. bank

BEIJING, Sept 3 (Reuters) - China's pledged supplementary lending facility stood at 3,224.60 bln yuan ($472.97 bln) at the end of August, compared with 3,215.50 bln yuan at the end of July,  the central bank said in a statement on its website on Monday.
  The PSL programme, initiated in 2014, is designed to help the central bank better target medium-term lending rates while boosting liquidity to specific sectors by offering low-cost loans to selected banks.
($1 = 6.8177 Chinese yuan)
(Reporting by China Monitoring Desk)
Keywords: CHINA ECONOMY/LOANS
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