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China expected to roll over maturing MLF loans on Friday - sources
January 13, 2017 / 2:04 AM / 10 months ago

China expected to roll over maturing MLF loans on Friday - sources

SHANGHAI, Jan 13 (Reuters) - China’s central bank is expected to roll over maturing medium-term facility (MLF) loans on Friday, multiple banking sources said.

The total amount of maturing MLF loans due this month is 435.5 billion yuan ($63.12 billion) with the first batch of 101.5 billion yuan matured on Friday, according to Reuters calculations based on the data from the central bank.

The MLF is a supplementary policy tool that the People’s Bank of China uses to manage liquidity conditions and medium-term interest rates in the banking system and money markets.

$1 = 6.9001 Chinese yuan renminbi Reporting by Shanghai Newsroom; Editing by Shri Navaratnam

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