In March, the People’s Bank of China launched a medium-term lending facility for financial institutions totaling 200 billion yuan with an interest rate of 2.85%

2022-07-01 0 By

In March 2022, in order to maintain reasonable and abundant liquidity of the banking system and in line with the liquidity needs of financial institutions, the People’s Bank of China launched a medium-term lending facility for financial institutions totaling 200 billion yuan with a one-year term and an interest rate of 2.85%.The balance of the final medium-term lending facility was 4.95 trillion yuan.