{"id":12777,"date":"2024-11-25T13:08:00","date_gmt":"2024-11-25T07:23:00","guid":{"rendered":"https:\/\/nepalsamaj.com\/en\/?p=12777"},"modified":"2024-11-25T13:08:00","modified_gmt":"2024-11-25T07:23:00","slug":"china-conducts-900-billion-yuan-mlf-operation-to-sustain-banking-liquidity","status":"publish","type":"post","link":"https:\/\/nepalsamaj.com\/en\/china-conducts-900-billion-yuan-mlf-operation-to-sustain-banking-liquidity\/","title":{"rendered":"China conducts 900-billion-yuan MLF operation to sustain banking liquidity"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p>China&#8217;s central bank on Monday conducted a 900-billion-yuan (about 125.14 billion U.S. dollars) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the country&#8217;s banking system.<\/p>\n<p>The MLF operation features a one-year maturity period and an interest rate of 2 percent, unchanged from the rate of the previous operation conducted last month, according to a statement on the website of the People&#8217;s Bank of China.<\/p>\n<p>After the latest operation, the outstanding MLF balance stood at 6.239 trillion yuan.<br \/>\n&#8220;The MLF rate follows market trends and fluctuates in sync with market interest rates. Recently, policy interest rates and the loan prime rate, a market-based benchmark lending rate, have remained stable, hence the MLF rate also remains unchanged this month,&#8221; said Wang Qing, chief macro analyst at Golden Credit Rating.<\/p>\n<p>Some 1.45 trillion yuan of MLF funds will mature this month. The central bank conducted 500 billion yuan of outright reverse repos in October, which was equivalent to releasing a degree of medium-term liquidity in advance.<\/p>\n<p>At present, long-term liquidity in the market remains relatively abundant, analysts stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s central bank on Monday conducted a 900-billion-yuan (about 125.14 billion U.S. dollars) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the country&#8217;s banking system. The MLF operation features a one-year maturity period and an interest rate of 2 percent, unchanged from the rate of the previous operation conducted last month, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-12777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/12777"}],"collection":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/comments?post=12777"}],"version-history":[{"count":2,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/12777\/revisions"}],"predecessor-version":[{"id":12780,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/12777\/revisions\/12780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media\/12778"}],"wp:attachment":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media?parent=12777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/categories?post=12777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/tags?post=12777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}