China’s Central Bank Delays One-Year Loan Operation Again
- Central bank net injects cash via seven-day reverse repo notes
- China is revamping policy framework to better influence rates
Hoardings surround the People's Bank of China (PBOC) building in Beijing.
Photographer: Andrea Verdelli/BloombergThis article is for subscribers only.
China’s central bank announced it will inject one-year liquidity to domestic lenders on Sept. 25, marking another delay amid a broad overhaul of its policy toolkit.
The People’s Bank of China will renew the medium-term lending facility funds maturing Sept. 18 later this month, according to a statement Wednesday. It postponed the operations in August to around the 25th from its previous practice of around mid-month. In July, the central bank announced an MLF rate cut toward the end of the month.