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BEIJING/WAM
China’s central bank on Friday conducted a 700-billion-yuan (about US$98.5 billion) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system.
According to Xinhua news agency, the MLF operation has a one-year maturity with an interest rate of 2 percent, unchanged from the rate of the previous operation conducted last month.
After the operation, the outstanding balance of the MLF stood at 6.789 trillion yuan.