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China Partially Rolls Over MLF Loans After Reserve Ratio Cut

admin by admin
December 15, 2021
in Loans
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CIM Group loans $72M for Cinelease studios expansion in Covington

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China rolled over part of the policy loans coming due this month as the central bank seeks to sustain its support for the economy after cutting the reserve-requirement ratio last week.

The People’s Bank of China injected 500 billion yuan ($78.5 billion) of one-year cash into the financial system, partially offsetting the 950 billion yuan coming due on Wednesday. It kept the interest rate on the loans unchanged at 2.95% for a 20th month. Attention now switches to the PBOC’s review of its loan prime rates next week, the de facto benchmark for new loans.

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