The People’s Bank of China (Central Bank) poured money into the money market last May to meet the demand for cash liquidity from financial institutions.
The bank said it had pumped a total of 125 billion yuan (about US $17.61 billion) into the market over the past month by facilitating medium-term lending to keep the banking system’s cash liquidity at a reasonably sufficient level.
The funds will be accrued within one year at an interest rate of 2.75%.
The Multilateral Fund’s total outstanding loans exceeded 5.15 trillion yuan by the end of May.
The Multilateral Fund’s tool was introduced in 2014 to help commercial and political banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.
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