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PBOC 1 year MLF rate cut to 2.65% (prior 2.75%), as widely expected
People's Bank of China Medium-term Lending Facility (MLF)People's Bank of China inject 237bn yuan via a one-year MLF at 2.65%200bn yuan of MLF are maturing todaythus net MLF injection is 37bn yuan-The MLF rate is a benchmark interest rate that banks in China can use to borrow funds from the People's Bank of China for a period of 6 months to 1 year, medium-term liquidity to commercial banks.The rate is typically announced on the 15th of each month.The interest rate on the MLF loans is typically h...
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Posted: Jun 15 2023, 01:20
Author Name: forexlive
Views: 081234