The People’s Bank of China (PBOC) announced that it will launch a one-year medium-term lending facility worth 600 billion yuan (about $84.13 billion) on Monday to maintain ample liquidity in the country’s banking system.
The bank said in a statement that the medium-term lending facility process will be conducted using the fixed quantity method, interest rate bids, and multiple-price bids
Discover more from Truth Inspire Your Day
Subscribe to get the latest posts sent to your email.
