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PBoC holds MLF rate steady for third month, withdraws largest cash since 2014

Beijing, China - May 4, 2021: Head Office of the Peoples Bank of China. PBOC is Chinas central bank under the State Council. China is pushing ahead with a pilot project to develop the digital yuan.

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  • The People's Bank of China ((PBoC)) launches a one-year medium-term loan facility (MLF) worth CNY 300 billion to financial institutions at the same 2.0% interest rate.

  • This is in contrast to the CNY 1.45 trillion in MLF loans that are

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