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China's outstanding pledged supplementary lending at 2,106.90 bln yuan at end-Feb - c.bank
March 1, 2017 / 7:34 AM / 9 months ago

China's outstanding pledged supplementary lending at 2,106.90 bln yuan at end-Feb - c.bank

BEIJING, March 1 (Reuters) - China’s pledged supplementary lending facility stood at 2,106.90 billion yuan ($306.26 billion) at the end of February, the same as the end of January, the central bank said in a statement on its website on Wednesday.

The PSL programme, initiated in 2014, is designed to help the central bank better target medium-term lending rates while boosting liquidity to specific sectors by offering low-cost loans to selected banks. ($1 = 6.8795 Chinese yuan) (Reporting by Beijing Monitoring Desk; Editing by Amrutha Gayathri)

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