October 8, 2019 / 9:00 AM / 10 days ago

China's outstanding MLF at 3.17 trln yuan at end-Sept

BEIJING, Oct 8 (Reuters) - China’s outstanding medium-term lending facility (MLF) totalled 3,167 billion yuan ($444.17 billion) at end-September, compared with 3,408.5 billion yuan at end-August, the central bank said on Tuesday.

The People’s Bank of China (PBOC) issued 200 billion yuan via its MLF in September, the bank said in a statement on its website.

It also issued 61.1 billion yuan via the standing lending facility (SLF) last month.

Outstanding SLF was at 60 billion yuan at end-September, up from 22.3 billion yuan at end-August.

China’s pledged supplementary lending (PSL) facility stood at 3,517.0 billion yuan by end-September versus 3,492.4 billion yuan at end-August, according to the PBOC.

The PBOC uses the MLF and the SLF as tools for managing short- and medium-term liquidity in the banking system.

It uses the PSL programme to better target medium-term lending rates while boosting liquidity to specific sectors.

$1 = 7.1301 Chinese yuan renminbi Reporting by Lusha Zhang and Se Young Lee; editing by Jason Neely

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