# MLF

PBOC to Inject Rmb900bn via One‑Year MLF; A Measured Push to Keep Liquidity Ample

The People’s Bank of China will inject Rmb900 billion into the banking system via a one‑year MLF on 23 January, using rate bidding and multi‑price allotment. The move is a targeted liquidity operation intended to keep funding conditions ample and signal pragmatic, market‑oriented policy management amid a modest easing backdrop.