August 1, 2018 / 8:05 AM / 4 months ago

China outstanding pledged supplementary lending at 3,215.50 bln yuan at end-July – c. bank

BEIJING, Aug 1 (Reuters) - China's pledged supplementary lending facility stood at 3,215.50 bln yuan ($472.48 bln) at the end of July, compared with 3,185.20 bln yuan at the end of June,  the central bank said in a statement on its website on Wednesday.
  The PSL programme, initiated in 2014, is designed to help the central bank better target medium-term lending rates while boosting liquidity to specific sectors by offering low-cost loans to selected banks.
($1 = 6.8056 Chinese yuan)
(Reporting by China Monitoring Desk)
Keywords: CHINA ECONOMY/LOANS
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