PBOC cuts interest rate on one-year MLF to 3.25% from 3.30%
|The People’s Bank of China (PBOC) is out with the latest statement, citing that cuts interest rate on one-year Medium-term Lending Facility (MLF) to 3.25% from 3.30%.
The Chinese central bank injected CNY 400 billion via one-year MLF, the statement said.
The AUD/USD pair is seen making some recovering attempting on the PBOC MLF rate cut, but remains below 0.6900 so far, in the wake of Chinese Caixin Services PMI disappointment.
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