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China Daily | Updated: 2018-08-25 07:19

Central bank injects liquidity

China's central bank on Friday injected 149 billion yuan ($21.7 billion) into the market via the medium-term lending facility to maintain ample liquidity. The funds will mature in one year with an interest rate of 3.3 percent, unchanged from previous operations, the People's Bank of China said on its website. The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

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