China's central bank to conduct $127-bn MLF operation on Oct 27

The operation will be conducted via a fixed-quantity, interest rate-bidding and multiple price-bidding method, a state-controlled news agency reported.

With 700 billion yuan of MLF funds maturing in October, the net injection via MLF alone will reach 200 billion yuan this month.

The MLF was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

ALCHEMPro News Desk (DS)