Bloomberg on an interview given by People’s Bank of China research bureau chief economist Ma Jun:
- The PBOC has provided more than 600b yuan mid-term liquidity support through MLF, SLF and PSL operations
- This may substitute for a reserve requirement ratio cut
- This will play positive role to stabilize market expectations and interest rates
Ma Jun interview with China Central Television
-
MLF = Medium-term Lending Facility
- Introduced in November 2014
- PBOC lends for periods around 6 months
SLF = Standing Lending Facility
- Introduced in 2013
PSL = Pledged Supplementary Lending
- Lending from the PBOC usually directly with individual banks