China's central bank adds liquidity via operations

BEIJING, Oct. 16 (Xinhua) -- China's central bank on Monday added liquidity to the banking system through operations of medium-term lending facility (MLF) and reverse repos.

The People's Bank of China injected 789 billion yuan (about 109.89 billion U.S. dollars) into the market through one-year MLF with an interest rate of 2.5 percent.

The MLF tool helps commercial and policy banks maintain liquidity by a