The People’s Bank of China (PBoC) injected a CNY 500 billion one-year medium-term lending facility (MLF) operation and kept the rate unchanged at 2.95 percent on October 15th 2020 for the sixth straight month. The central bank said the move aims to maintain the reasonable and sufficient liquidity of the banking system and will fully met the needs of financial institutions. MLF operation would cover rollover offseting a batch of such loans expiring on Friday, with a volume of CNY 200 billion. The PBOC also said it has injected another CNY 50 billion through reverse repo operations on the same day, with the rate unchanged.