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China cbank will conduct MLF operations to....>

CHINA
CHINA: China cbank will conduct MLF operations to roll over maturity on Friday -
traders - (RTRS)
- China's central bank will conduct medium-term lending facility (MLF)
operations on Friday to roll over maturing loans, two traders with direct
knowledge of the matter said on Thursday. A batch of 187.5 billion yuan ($26.64
billion) worth of MLF loans are set to expire on Friday. Markets are closely
watching to see if the People's Bank of China (PBOC) will lower the MLF interest
rate again this month. The PBOC cut the interest rate on its one-year MLF loans
last month for the first time since early 2016, as policymakers work to prop up
a slowing economy hit by weaker demand at home and abroad.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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