PBOC injects CNY 400 bn funds via MLF

Dhwani Mehta FXStreet

Following two back-to-back days of stronger Yuan setting by the Chinese central bank (PBOC), it announced injection of liquidity into the markets, via its one-year medium term lending facility (MLF) on Thursday.

The PBOC injected CNY 400bn added into system at rate unchanged at 3.3% and offsetting the 383bn yuan maturing.

Adding to this, the central bank drained CNY 30bn via 7-day reverse repos.

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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