December 3, 2018 / 7:20 AM / 16 days ago

China central bank lends 403.50 bln yuan via medium-term facility in Nov

BEIJING , Dec 3 (Reuters) - China's central bank lent 403.50 bln yuan ($58.57 bln) to financial institutions via its medium-term lending facility (MLF) in November, it said on Monday.
    Outstanding MLF was 4,931.50 bln yuan at the end of November compared with 4,931.50 bln yuan at the end of October, it said in a statement on its website.
    The People's Bank of China uses the MLF and the standing lending facility as tools for managing short- and medium-term liquidity in the country’s banking system.
($1 = 6.8895 Chinese yuan)
(Reporting by China Monitoring desk)
Keywords: CHINA ECONOMY/MLF
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