International
China to carry out 600 Billion Yuan medium-term lending facility
August 23, 2025 | 10:39 AM
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
August 23, 2025 | 10:39 AM