Reuters logo
China central bank expected to conduct MLF one more time in mid-Dec: Financial News
December 6, 2017 / 2:32 AM / 8 days ago

China central bank expected to conduct MLF one more time in mid-Dec: Financial News

SHANGHAI (Reuters) - China’s central bank is expected to use its medium-term lending facility one more time in the middle of this month, the Financial News, a paper run by the central bank said on Wednesday.

FILE PHOTO: A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the headquarters of the People's Bank of China, China's central bank, in central Beijing November 24, 2014. REUTERS/Kim Kyung-Hoon/File Photo

The People’s Bank of China (PBOC) is also likely to inject funds via 28-day reverse repos and use its temporary liquidity facility ahead of Lunar New Year in 2018 as it did this year, according to the paper.

It estimated that the central bank would inject a total of around 300 billion yuan of long-term funds into the market, along with around one trillion yuan of fiscal expenditure at the year-end, to help stabilise cash conditions.

On Wednesday, the PBOC injected 188 billion yuan into the financial system via one-year MLF loans, with rates unchanged.

Reporting by Winni Zhou and John Ruwitch; Editing by Sam Holmes

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below