PBOC issues CNY1 trillion via one-year MLF at 2.95%

Dhwani Mehta FXStreet

The People’s Bank of China (PBOC) injected a whopping CNY1 trillion via one-year medium-term lending (MLF) facility on Monday.

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 almost unchanged on the latest PBOC operation. The spot trades at 6.3797, consolidating near five-month lows.

Meanwhile, the AUD/USD pair eases to 0.7334, as of writing, having faced rejection at 0.7350.

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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