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PBOC to Conduct 400 Billion Yuan MLF Operation on December 25

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The People's Bank of China announced on December 24, 2025, a 400 billion yuan long-term MLF operation for December 25, 2025, with a one-year term. The operation will use fixed quantity, interest rate bidding, and multi-price winning bids to support stable price conditions and ensure sufficient liquidity in the banking system.
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