China c.bank injects 383 bln yuan through 1-year MLF, rate unchanged – statement

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SHANGHAI, Aug 15 (Reuters) – China’s central bank lent 383 billion yuan ($55.62 billion) to financial institutions on Wednesday via its one-year medium-term lending facility (MLF) with rates unchanged, it said in a statement.

The interest rate for the one-year MLF was 3.30 percent, the People’s Bank of China (PBOC) said, unchanged from the previous such operation.

The fresh fund injection via MLF exceeded the value of such loans maturing on the same day. A batch of one-year MLF worth 336.5 billion yuan was set to expire on Wednesday.

The PBOC said in the same statement that it skipped reverse repos on Wednesday morning. ($1 = 6.8865 Chinese yuan) (Reporting by Winni Zhou and David Stanway; Editing by Sam Holmes)

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