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PBOC injects 100bn yuan via a 1-year MLF, unchanged rate of 2.85%

Started by forex4you, May 16, 2022, 07:13 am

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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%

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