China raises 1y MLF rate in follow-up to March Fed move

The news is crossing the wires via Reuters that China has raised 1-year marginal lending facility (MLF) rate by 5 basis points (bps) to 3.30 percent. The People's Bank of China (PBOC) had raised the seven-day rate in March, following the US Federal Reserve Bank's March 21 rate hike. 

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