PBOC injects 100bn yuan via a 1-year MLF, unchanged rate of 2.85%People's Bank of China Medium-Term Lending Facility (MLF) 100bn yuanone year maturityrate of 2.85%, unchanged from the previous MLFthere is a 100bn MLF maturing this monthThe unchanged rate will dampen expectations of a cut to the 1- and 5-year Loan Prime Rates (LPR) setting coming from the PBOC on the 20th (i.e. Friday this week).---Earlier post on interest rates in China:Weekend - China allowed a further cut in mortgage loan interest rates for some home buyers
Source: PBOC injects 100bn yuan via a 1-year MLF, unchanged rate of 2.85% (https://www.forexlive.com/centralbank/pboc-injects-100bn-yuan-via-a-1-year-mlf-unchanged-rate-of-285-20220516/)
forexlive.com