China conducts 300-billion-yuan MLF at lower interest rate

BEIJING - China's central bank on Wednesday conducted a 300-billion-yuan ($42.73 billion) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system.

The MLF operation had a maturity of one year with an interest rate of 2 percent, 30 basis points lower than the previous level.

After the operation, the outstanding balance of the MLF stood at 6.878 trillion yuan.