Central bank pumps more money into market
Updated: 2015-11-28 09:32
An employee counts yuan banknotes at a bank in Huaibei, Anhui province June 22, 2010.[Photo/Agencies]
BEIJING - China's central bank offered six-month medium-term lending facility (MLF) loans to 11 financial institutions on Friday.
The amount of the operation is 100 billion yuan ($15.6 billion) at an interest rate of 3.25 percent.
The People's Bank of China said it would continue to guide financial institutions to serve small and micro-sized enterprises and the agriculture sector.