November 5, 2018 / 1:56 AM / 10 months ago

China injects 403.5 bln yuan through 1-year MLF, rate unchanged

SHANGHAI, Nov 5 (Reuters) - China’s central bank said on Monday that it lent 403.5 billion yuan ($58.37 billion) to financial institutions via its 1-year medium-term lending facility (MLF), leaving rates unchanged.

The PBOC did not inject any fresh funds via the liquidity tool, as the MLF loans worth the same amount are set to expire Monday.

The interest rate for the one-year MLF was 3.30 percent, the PBOC said, unchanged from the previous one-year MLF injection.

The PBOC said in the same statement that it skipped reverse repos on the same day, with no repos maturing. ($1 = 6.9124 Chinese yuan) (Reporting by Andrew Galbraith; Editing by Sunil Nair)

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