PBOC issues CNY1 trillion via one-year MLF at 2.95%
|The People’s Bank of China (PBOC) injected a whopping CNY1 trillion via one-year medium-term lending (MLF) facility on Monday.
The Chinese central bank kept the rate for one-year MLF operation rate unchanged at 2.95%.
Separately, the PBOC injected 10 billion yuan through seven-day reverse repos.
Market reaction
USD/CNY is almost unchanged on the latest PBOC operation. The spot trades at 6.3797, consolidating near five-month lows.
Meanwhile, the AUD/USD pair eases to 0.7334, as of writing, having faced rejection at 0.7350.
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