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- PBOC keeps one-year MLF rate steady at 2.50%
PBOC keeps one-year MLF rate steady at 2.50%
China's central bank, the People’s Bank of China (PBOC) on Monday kept the one-year Medium-term Lending Facility (MLF) rate steady at 2.50%.
The PBOC left the seven-day reverse repo rate unadjusted at 1.80% while injecting CNY106 billion via seven-day reverse repos on Monday.
Market reaction
USD/CNY is trading 0.06% higher on the day at 7.3096 on the above announcement.
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