PBOC Opens MLF Liquidity Tap Again as Yuan Defense Drains Funds
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China’s central bank has opened its liquidity tap again, providing 110 billion yuan ($17 billion) to 14 lenders on Wednesday.
The six-month Medium-term Lending Facility from the People’s Bank of China to the commercial lenders was priced at 3.35 percent, the central bank said on its official Weibo account, without specifying the recipients. The rate was unchanged from an MLF operation in July.