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China lends 459 bln yuan via MLF, rates unchanged, no OMOs - statement
May 12, 2017 / 2:08 AM / 7 months ago

China lends 459 bln yuan via MLF, rates unchanged, no OMOs - statement

SHANGHAI, May 12 (Reuters) - China’s central bank said on Friday it injected 459 billion yuan ($66.52 billion) into the financial system via medium-term lending facility (MLF) loans.

Interest rates for the MLF loans were unchanged at 3.05 percent for six-month loans and 3.20 percent for one-year loans, the People’s Bank of China (PBOC) said in a statement on its website.

The PBOC lent 66.5 billion yuan in six-month maturities and 392.5 billion yuan in one-year maturities.

In the same statement, the central bank said it had skipped daily open market operations on Friday.

That has resulted a weekly drain of 120 billion yuan through reverse bond repurchase agreements (reverse repos) from the market, compared with a net injection of 10 billion yuan a week earlier. ($1 = 6.8998 Chinese yuan) (Reporting by Winni Zhou and John Ruwitch; Editing by Eric Meijer)

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