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%

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.

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, …