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PBOC pumps funds into money market

The People's Bank of China, the central bank, continued to pump cash into the money market in September to meet demand for liquidity from financial institutions. A total of 441.5 billion yuan ($63.8 billion) was injected into the market via the medium-term lending facility (MLF) last month to maintain liquidity in the banking system at a reasonable and ample level, according to the PBOC. The funds will mature in one year at an interest rate of 3.3 percent. Total outstanding MLF loans reached 5.38 trillion yuan as of the end of Sept.

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