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People's Bank of China set MLF rate at 2.5% (expected 2.5%, prior 2.5%)

People's Bank of China set MLF rate at 2.5% (expected 2.5%, prior 2.5%)
PBOC issue a 1 year Medium-term Lending Facility (MLF) at an unchanged rate of 2.5%injects 789bn yuan vs. the 500 bn yuan in MLF maturing todayThe 789bn yuan MLF today gives the largest net injection amount since December 2020-What is the MLF?The PBOC's 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, as medium-term liquidity to commercial banks.The rate is typically announced on the 15th of each... Read More
Posted: Oct 16 2023, 01:20
Author Name: forexlive
Views: 112250

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