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Prince Edward Island > Business > Reuters

China central bank to conduct MLF operations on Monday as 400 billion yuan of such loans expire

Reuters | Posted: Aug. 14, 2020, 1:43 a.m. | Updated: Aug. 14, 2020, 12:40 a.m. | 1 Min Read

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SHANGHAI (Reuters) - China's central bank said it would conduct medium-term lending facility (MLF) operations on Monday, as a batch of 400 billion yuan ($57.6 billion) worth of such loans expired on the day

The People's Bank of China (PBOC) said in an online statement on Friday that this would be a one-off MLF operation for August, while the volume would be dependent on market demand.

Another batch of MLF loans with a value of 150 billion yuan is due to expire on Aug. 26.

(Reporting by Winni Zhou and Andrew Galbraith; Editing by Himani Sarkar)

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