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People's Bank of China set MLF rate at unchanged 2.65%, as expected
People's Bank of China Medium-term Lending Facility (MLF)PBOC inject 103bn yuan via a one-year MLF at 2.65% 9circa 125bn was expected, prior 237bn injection)100bn yuan of MLF are maturing todaythus net MLF injection is 3bn yuan--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, medium-term liquidity to commercial banks.The rate is typically announced on the 15th of each month. Given the...
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Posted: Jul 17 2023, 01:21
Author Name: forexlive
Views: 080919