November 15, 2019 / 1:28 AM / a month ago

China cbank will conduct MLF loan operations on Friday: traders

SHANGHAI (Reuters) - China’s central bank will conduct medium-term lending facility (MLF) operations on Friday, two traders with direct knowledge of the matter said.

Traders also said the People’s Bank of China (PBOC) had not yet conducted reverse repo operations via open market operations, as of 0123 GMT on Friday.

No MLF loans or reverse repos mature on Friday.

Last week, the central bank unexpectedly cut the interest rate on MLF loans for the first time since February 2016.

Reporting by the Shanghai Newsroom; Editing by Clarence Fernandez

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