November 1, 2018 / 8:02 AM / 12 days ago

China outstanding pledged supplementary lending at 3,311.10 bln yuan at end-Oct – c. bank

BEIJING, Nov 1 (Reuters) - China's pledged supplementary lending facility stood at 3,311.10 bln yuan ($476.18 bln) at the end of October, compared with 3,237.10 bln yuan at the end of September,  the central bank said in a statement on its website on Thursday.
  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 = 6.9535 Chinese yuan)
(Reporting by China Monitoring Desk)
Keywords: CHINA ECONOMY/LOANS
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