On 15 May, the People’s Bank released information that, in order to preserve the liquidity of the banking system, the Bank carried out 125 billion yuan medium-term lending facilities (MLF) operations and 2 billion yuan renminbi open market repurchase operations. The MLF interest rate, the 7-day repurchase rate, was equal to the previous period, at 2.75 per cent and 2 per cent respectively. The MLF interest rate has remained unchanged for nine consecutive months. According to Wind data, on 15 ...