B · Normal
[The Central Bank launches a 700 billion yuan medium-term lending facility operation today] October 26th: In order to maintain sufficient liquidity in the banking system, today, the People's Bank of China will launch a 700 billion yuan medium-term lending facility (MLF) operation with a fixed quantity, interest rate bidding, and multiple price winning bids, with a term of one year. The medium-term lending facility is a monetary policy tool used by the central bank to provide medium-term base money, which can be carried out through tendering.
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