On February 15, the central bank conducted the first 300 billion MLF operation in the Year of the Tiger. What does MLF mean?

The MLF operation is the medium-termlending facility, which is also the medium-term lending facility. It is a medium-term base currency monetary policy tool provided by the central bank. The specific method is to obtain the base currency issued by the central bank by providing treasury bonds, central bank bills, etc. as collateral. This policy can effectively adjust the medium-term financing costs of financial institutions and reduce social financing costs.