In April, MLF slightly exceeded the parity to continue the credit release pace or tend to level off.

FAP, April 18 (Xinhua)-- the central bank announced on April 17 that in order to maintain reasonable and abundant liquidity in the banking system, it carried out a 170 billion yuan MLF operation and maintained the winning interest rate at 2.75%. Overall, the central bank's MLF sequel in April continued the trend of "price stability", sending a signal to maintain reasonable and abundant market liquidity. Wang Qing, chief macro analyst at Oriental Jincheng, said that credit continued to grow strongly since the beginning of the year, the banking system supplemented by increased demand for medium-and long-term liquidity, and MLF continued to respond to market demand. At the same time, it also helps to control the upward momentum of market interest rates and guide the financing costs of the real economy to fall steadily. Lou Feipeng, a researcher at the Postal savings Bank, said that considering that April is the big month for tax payment, the excess sequel of MLF helps to better stabilize liquidity and reflects the continuity, stability, accuracy and strength of monetary policy. (Shanghai Stock Exchange News)