China's central bank to run medium-term loan operations

A batch of $28.b in loans will expire on 14 May.

The People’s Bank of China (PBOC) will conduct medium-term lending facility (MLF) operations on 14 May, reports Reuters.

According to sources, a batch of $28.2b (CNY200b) worth of one-year MLF loans is due to expire on that day.

Markets will closely monitor the interest rate on the new MLF loan injection to gauge the PBOC’s monetary stance.

The MLF now acts as a guide for the central bank’s new lending benchmark.

Here's more from Reuters.

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