PBOC injects CNY300 billion via one-year MLF at 2.85%
|The People’s Bank of China (PBOC) injected CNY300 billion via one-year medium-term lending (MLF) facility on Tuesday.
The Chinese central bank kept the rate for one-year MLF operation rate unchanged at 2.85% after cutting it from 2.95% last month.
The PBOC’s decision on the monthly Loan Prime Rate (LPR) is due to be announced on the 20th.
Market reaction
USD/CNY ran into fresh offers and hit fresh daily lows of 6.3515 on the latest PBOC operation. The spot is currently trading at 6.3534, down 0.07% on the day.
Meanwhile, the AUD/USD pair is locked in a tight range around 0.7130, despite the hawkish RBA minutes.
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