The central bank launched a 300 billion yuan MLF operation, with the winning bid rate lowered to 2.00%.

On September 25th, the People's Bank of China released the September 2024 Mid-term Lending Facility (MLF) operation situation. In order to maintain the liquidity of the banking system reasonably abundant, on September 25th, 2024, the People's Bank of China conducted a 300 billion yuan MLF operation, with a term of 1 year, a maximum bid rate of 2.30%, a minimum bid rate of 1.90%, and a bid rate of 2.00%. After the operation, the balance of MLF was 68.78 trillion yuan. This article is selected from the People's Bank of China, edited by GMTEight: Chen Wenfang.