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PBOC Injects CNY700 B Through One-Year MLF at 2.95%

Adel 17 August, 2020 1:31 pm Market Update

The People’s Bank of China (PBOC) injected CNY700 billion via one-year medium-term lending (MLF) facility on Monday.

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 fourth straight month.


USD/CNY is under pressure, looking to extend further below 6.9500 while the Chinese currency shrugs-off the latest PBOC operation. The spot trades 0.07% lower at 6.9455, at the time of writing.

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