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China's central bank to conduct medium-term loan operation on Tuesday

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China's central bank said on Monday that it would issue 450 billion yuan ($62.03 billion) of one-year medium-term lending facility (MLF) loans on Tuesday.
The People's Bank of China (PBOC) has announced it will conduct a medium-term lending facility (MLF) operation on Tuesday, which is expected to inject liquidity into the financial system. This move comes as part of efforts to manage liquidity and support economic recovery amidst various economic pressures. The MLF allows banks to borrow funds from the central bank for periods ranging from 6 months to 1 year, typically at an interest rate lower than market rates, thereby encouraging lending and economic activity. This operation is particularly significant as it could signal the PBOC's stance on monetary policy, especially in light of recent economic indicators and global financial conditions.

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[ https://www.msn.com/en-ca/money/topstories/chinas-central-bank-to-conduct-medium-term-loan-operation-on-tuesday/ar-AA1Bxct6 ]