Central bank carries out 200 billion yuan MLF operation
Xinhua News Agency, Beijing, November 15 (Reporter Wu Yu and Zhang Qianqian) the people's Bank of China issued a notice on the 15th, saying that it would facilitate (MLF) operations by 200 billion yuan in the medium term, with a winning interest rate of 3.25 percent. No reverse repurchase operation was carried out on that day.
In the absence of MLF maturity on the same day, the central bank launched a medium-term lending facility of 200 billion yuan, with a maturity of one year, and a winning interest rate of 3.25%, consistent with the MLF interest rate cut in early November. The central bank announcement said that after the hedging period peak and other factors, the total liquidity of the banking system is at a reasonable level of adequacy.
In addition, the same day is only in the provincial administrative areas of the city commercial banks to reduce the deposit reserve ratio by 1 percentage point of the second adjustment, the release of long-term funds of about 40 billion yuan.
On the same day, interest rates in the interbank market rose as a whole. The Shanghai Interbank offered rate ((Shibor)) released on the 15th showed that the overnight interest rate was 2.693%, 2.7 basis points higher than on the previous trading day. The 7-day and 14-day interest rates were 2.737% and 2.742%, respectively, up 5.5 basis points and 4.6 basis points from the previous trading day, and the one-year interest rate was 3.116%, 0.8 basis points higher than the previous trading day.