1 Min Read
BEIJING, Dec 16 (Reuters) - China's central bank said it lent 394 billion yuan ($56.72 billion) to 19 financial institutions via its medium-term lending facility (MLF) on Friday.
Interest rates on the MLF loans were unchanged at 2.85 percent for six-month loans and 3.0 percent for one-year loans, the People's Bank of China (PBOC) said on its official weibo account.
The central bank lent 207 billion yuan for six months and 187 billion yuan for one year.
The PBOC uses the MLF and the standing lending facility as tools for managing short- and medium-term liquidity in the banking system. ($1 = 6.9460 Chinese yuan renminbi) (Reporting by Beijing Monitoring Desk; Editing by Simon Cameron-Moore)