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Central bank injects liquidity into market

China's central bank on Monday pumped 150 billion yuan ($21.25 billion) of funds into the market via the medium-term lending facility to maintain liquidity. The funds will mature in one year with an interest rate of 3.3 percent, according to the People's Bank of China. With no PBOC liquidity tools maturing on Monday, the operation effectively led to a net injection of the same amount of funds. 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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