PBOC injects CNY500 billion via one-year MLF at 2.95%

Dhwani Mehta FXStreet

The People’s Bank of China (PBOC) infused CNY500 billion via one-year medium-term lending (MLF) facility on Wednesday.

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 trading modestly flat on the latest PBOC operation. The spot trades at 6.3632, stuck in a tight range over the past three trading sessions.

Meanwhile, the AUD/USD pair is defending 0.7090 support, as of writing, adding 0.08% on the day.

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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