China central bank conducts medium-term loan operation, with rate unchanged
ReutersOct 25, 2024 1:42 AM
SHANGHAI (Reuters) - China's central bank conducted a medium-term loan operation on Friday while keeping the interest rate unchanged.
The People's Bank of China (PBOC) issued 700 billion yuan ($98.36 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions at 2.00%, unchanged from the previous rate, according to an online statement from the bank.
The bid rates in Friday's operation ranged from 1.90% to 2.30%, the central bank said.
A batch of 789 billion yuan worth of MLF loans was due to expire this month.
($1 = 7.1167 Chinese yuan)
(Reporting by Shanghai Newsroom; Editing by Christian Schmollinger)
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Investing in Industrial AI & Smart Manufacturing
TradingKey - Manufacturing has always been the heartbeat of the world's economies, from the steam engine to mass production. We are experiencing a new revolution these days: the integration of artificial intelligence (AI) into production processes. It is intelligent manufacturing, and it pairs robotTradingKey
39 minutes ago
Investing in Construction & Engineering Stocks
TradingKey - Building and construction, as well as engineering companies, rarely receive the same headlines as technology companies, but they form the backbone of most economies nowadays. From bridges and highways to airports, power stations, and skyscrapersTradingKey
3 hours ago
U.S. Government Shutdown Commentary: Is a Stock Market Crash Imminent? Will Gold Prices Continue to Surge?
TradingKey - On 1 October 2025, the U.S. federal government officially entered a shutdown, impacting various asset classes. This article analyses two key markets most affected—U.S. equities and gold—to help investors identify potential opportunities.TradingKey
Wed, Oct 1
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.TradingKey
Wed, Jul 16
How Trump's Tariffs Impact the Crypto Market and How Investors Should Respond
Trump’s tariffs refer to a series of trade policies rooted in an "America First" approach, primarily aimed at reducing trade deficits and boosting domestic industries by imposing high tariffs on imported goods—especially those from China.TradingKey
Wed, Apr 9
.jpg)
