China central bank conducts medium-term loan operation, with rate unchanged
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FILE PHOTO: Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee//File Photo
SHANGHAI (Reuters) - China's central bank conducted a medium-term loan operation on Friday while keeping the interest rate unchanged.
The People's Bank of China (PBOC) issued 700 billion yuan ($98.36 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions at 2.00%, unchanged from the previous rate, according to an online statement from the bank.
The bid rates in Friday's operation ranged from 1.90% to 2.30%, the central bank said.
A batch of 789 billion yuan worth of MLF loans was due to expire this month.
($1 = 7.1167 Chinese yuan)
(Reporting by Shanghai Newsroom; Editing by Christian Schmollinger)
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