China to inject liquidity into banking system

Updated: 2016-01-20 10:24


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BEIJING -- China's central bank on Tuesday announced it will inject at least 600 billion yuan ($91.46 billion) to provide liquidity for the impending Spring Festival holiday.

The liquidity will be added through tools such as standing lending facility (SLF), medium-term lending facility (MLF) and pledged supplementary lending (PSL), the People's Bank of China said in a statement on its website.

The central bank vowed to ensure liquidity in the banking system is "reasonable and adequate" around the Spring Festival, which will fall on Feb 8.