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PBOC Injects CNY600 B Through One-Year MLF at 2.95%

Adel 15 September, 2020 10:13 am Market Update

The People’s Bank of China (PBOC) injected CNY600 billion via one-year medium-term lending (MLF) facility on Tuesday.

The Chinese central bank issued the one-year MLF at 2.95%, unchanged from the previous operation. The PBOC kept the rates unchanged for the fifth month in a row.

There is CNY170 billion reverse repo maturing today and CNY200 billion MLF loans will expire on September 17.


USD/CNY is under pressure amid widening China-US bond yield spread while the Chinese currency shrugs-off the latest PBOC operation. The spot trades 0.17% lower at 6.7966, at the time of writing.

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