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--Adds Unchanged MLF Interest Rate
BEIJING (MNI) - The People's Bank of China injected CNY188 billion in
one-year Medium-term Lending Facility (MLFs) loans on Wednesday and skipped its
open market operations.
The interest rate on the one-year MLF loans was unchanged at 3.2%.
The operation resulted in a net drain of CNY160 billion for the day from
the banking system, as a total of CNY188 billion in MLF loans and CNY160 billion
in reverse repos mature on Wednesday.
An additional amount of CNY187 billion in MLF loans will mature on Dec. 16.
The CFETS-ICAP money-market sentiment index ended at 36 on Tuesday, barely
changed from 37 at Monday's close. The lower the reading the better the
liquidity conditions in the interbank market.
The benchmark seven-day repo average was last at 2.6613%, compared with
2.7868% on Tuesday.
--MNI BEIJING Bureau; +1 202-371-2121; email: firstname.lastname@example.org