emirates7 - China’s central bank on Monday implemented a medium-term lending facility (MLF) operation valued at 900 billion yuan (approximately $125.14 billion USD) to ensure sufficient and stable liquidity within the banking system.

According to the People's Bank of China, as reported by Xinhua News Agency, the MLF features a one-year maturity period with an interest rate of 2 percent, consistent with the rate set during the previous operation last month.

Following this transaction, the total outstanding MLF balance reached 6.239 trillion yuan.

This month, MLF funds worth 1.45 trillion yuan are set to mature. In October, the central bank proactively infused medium-term liquidity by conducting outright reverse repos totaling 500 billion yuan.