Open Demo Account
Home / Market Update / PBOC Injects CNY600 B Through One-Year MLF at 2.95%

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.

Tags

Check Also

RBA

RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends