PBOC cuts interest rate on one-year MLF to 3.25% from 3.30%

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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