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PBOC injects 267.4 billion yuan via targeted MLF

The People's Bank of China injected 267.4 billion yuan to the interbank system on Wednesday via its targeted medium-term lending facility (TMLF) as it looks to provide struggling smaller business with a steady stream of affordable financing.

The PBOC said the one-year interest rate on the TMLF was 3.15 per cent, in line with the previous operation, and 15 basis points lower than regular MLF loans.

It's second time that the central bank has conducted the operation since it introduced the policy tool last December. The scheme was tailored to get more funding to . . .

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