AsianFin -- China’s central bank will inject 450 billion yuan ($62 billion) into the market through one-year loans using a new auction method that allows banks to bid at different prices.
The People’s Bank of China announced on Monday that, starting this month, medium-term lending facility (MLF) operations will be conducted under this revised bidding mechanism. The central bank confirmed it will carry out a 450 billion yuan MLF operation on Tuesday.
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