[HIGHLIGHTS] The Central Bank of China’s 500 billion yuan “volume increase and price balance” continuation of MLF

The People's Bank of China announced on the 18th that it would carry out 105 billion yuan (RMB) open market reverse repurchase operations and 500 billion yuan of medium-term lending facility (MLF) operations. The interest rates were maintained at 1.8% and 2.5% respectively, both unchanged from before.

Pang Ming, chief economist and director of the research department of Jones Lang LaSalle Greater China, told a reporter from China News Service that from a price point of view, renewing the MLF at a fair price will help maintain the liquidity and stability of the banking system.