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PBOC Drains RMB200B via MLF in April
The Peoples Bank of China announced data today (7th) showing that in April, Medium-term Lending Facility (MLF) recorded a net drain of RMB200 billion (same below), while Standing ...
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The Peoples Bank of China announced data today (7th) showing that in April, Medium-term Lending Facility (MLF) recorded a net drain of RMB200 billion (same below), while Standing Lending Facility (SLF) recorded a net drain of RMB700 million. Other structural monetary policy tools recorded a net injection of RMB366.7 billion.

Regarding open market operations, in April, open market government bond trading recorded a net injection of RMB40 billion. Seven-day reverse repos recorded a net drain of RMB331.6 billion, central treasury cash management recorded a net injection of RMB130 billion, and reverse repos of other tenors recorded a net drain of RMB400 billion. (hc/u)

Related NewsExports YoY for Apr in China is 14.1%, higher than the previous value of 2.5%. The forecast was 7.9%.

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