The central bank: will conduct 500 billion yuan in MLF operations with a one-year maturity.

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Announcement of the Medium-term Lending Facility Tender in March 2026

To maintain ample liquidity in the banking system, on March 25, 2026, the People’s Bank of China will conduct a 500 billion yuan MLF operation through a fixed amount, interest rate tender, and multiple price-level bidding method, with a term of 1 year.

Massive information and precise interpretation can be found in the Sina Finance APP

Editor: Liu Wanli SF014

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