On December 15, the People’s Bank of China conducted a 1.45 trillion yuan one-year MLF operation to hedge the 650 billion yuan one-year MLF due today, that is, a net liquidity injection of 800 billion yuan through MLF, which was the largest "net injection" in a single month on record.
In order to maintain reasonable and sufficient liquidity in the banking system, to hedge against the impact of short-term factors such as government bond issuance and payment, and to appropriately supply medium and long-term base currency, the People's Bank of China launched an open market reverse repurchase operation of 50 billion yuan and Medium-term lending facility (MLF) operations of 1.45 trillion yuan on December 15, 2023.
China’s central bank injected a net liquidity of 800 billion yuan through MLF today, the largest amount in a single month on record
On December 15, the People’s Bank of China conducted a 1.45 trillion yuan one-year MLF operation to hedge the 650 billion yuan one-year MLF due today, that is, a net liquidity injection of 800 billion yuan through MLF, which was the largest "net injection" in a single month on record.
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