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Add this to the data agenda today - PBOC MLF announcement due 15 August 2023

Coming up today is the monthly PBOC Medium-term Lending Facility (MLF). The MLF rate is currently 2.65%. Expectations for a cut to the rate are very low, but not zero. A cut is a low but non-negligible chance.Due around 0115 GMT. -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 normally announced on the 15th of each month.The interest rat... Read More

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Posted: Aug 15 2023, 00:43

Author Name: forexlive

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