PBOC injects CNY 400 bn funds via MLF
|Following two back-to-back days of stronger Yuan setting by the Chinese central bank (PBOC), it announced injection of liquidity into the markets, via its one-year medium term lending facility (MLF) on Thursday.
The PBOC injected CNY 400bn added into system at rate unchanged at 3.3% and offsetting the 383bn yuan maturing.
Adding to this, the central bank drained CNY 30bn via 7-day reverse repos.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.