Beijing: China's central bank on Monday conducted a 900-billion-yuan (about 125.14 billion U.S. dollars) medium-term lending facility (MLF) operation to maintain reasonable and ample liquidity in the banking system. According to Lao News Agency, the MLF operation has a one-year maturity with an interest rate of 2 percent, unchanged from the rate of the previous operation conducted last month. The initiative is part of China's ongoing efforts to ensure stability and support economic growth by providing sufficient funds to the banking sector. After this operation, the outstanding balance of the MLF stood at 6.239 trillion yuan. This measure is aimed at bolstering the banking system's capacity to support lending and financial activities within the country.
Related Articles
PDEA agents seize P13.6-M shabu in Lapu-Lapu City
CEBU CITY: An unemployed man from Tagbilaran City, Bohol was arrested during a sting operation in Marigondon, Lapu-Lapu City on Thursday, the Philippine Drug Enforcement Agency-7 reported.
The suspect identified as Mark Nin~o Caliniahan, 26, yielded …
Laos and China Finalize Draft Agreement on ‘One Door, One Time’ Inspection at International Railway Checkpoint
Hanoi: Laos and China have reached a consensus on a draft agreement to implement a ‘One Door, One Time’ inspection system at the Boten-Bohan international railway checkpoint, aiming to streamline cross-border passenger transit and further enhance bila…
President Extends Condolences to Venezuela Following Devastating Earthquake
Vientiane: In his message, sent on June 26, President Thongloun said he was deeply saddened by the tragedy and expressed his heartfelt sympathy to the Government and people of Venezuela, particularly the families of those who lost loved ones or were a…