Each editor-in-edited Maarten On 15 May, the People’s Bank announced that, in order to preserve the liquidity of the banking system, a 12-50 billion yuan medium-term lending facility (MLF) is being implemented today, for a period of one year at a rate of 2.75 per cent. Source: Central Bank website At prices, the Bank’s MLF operation in August last year reduced interest rates to 2.75 per cent and the MLF interest rate has remained unchanged for nine consecutive months. The Governor of the East...