PBOC injects CNY 275.5bn in first-ever Targeted MLF operation

Dhwani Mehta FXStreet

People's Bank of China (PBOC) issued a statement on Wednesday, announcing that it injected CNY 257.5bn via 1-year 'targeted' Medium Term Lending Facility (TMLF) at 3.15%.

It’s worth noting that the Chinese central bank introduced the tool into their arsenal in December last year and used for the first time today. This comes ahead of the Chinese Lunar New Year starting Feb 4^th.

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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