People’s Bank of China
Nothing further at this stage except for the Reuters headline
More now, Reuters quoting "sources with direct knowledge of the matter "
- PBOC has asked selected banks about their demand for extra liquidity through its medium-term lending facility
- Lowered offered rates for the loans to 2.85 percent for six-month loans and 3 percent for one-year loans
- Rates were previously 3 percent for six-month loans and 3.25 percent for one-year loans
The MLF is a supplementary liquidity management tool that the central bank occasionally uses to boost liquidity in the banking system
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MLF is medium-term lending facility is a loan of three months duration for individual banks
- To be used if they need additional liquidity
