(Yicai Global) Jan. 23 -- The People's Bank of China replaced most of the maturing CNY257.5 billion (USD37.2 billion) targeted medium-term lending facilities today to maintain the financial system's liquidity while taking a break from a seven-day streak of reverse repos.

The central bank conducted CNY240.5 billion (USD34.8 billion) worth of one-year TMLFs with an interest rate of 3.15 percent, the PBOC said in a statement today.

The PBOC injected a total of CNY1.48 trillion (USD213.9 billion) into the banking system via open market operations in the previous seven trading days. 

Editor: Emmi Laine