PBOC issues CNY200 billion via one-year MLF at 2.95%

Dhwani Mehta FXStreet

The People’s Bank of China (PBOC) pumped in CNY200 billion via one-year medium-term lending (MLF) facility on Tuesday.

The Chinese central bank left the rate for one-year MLF operation rate steady for the 12th straight month at 2.95%.

Separately, the central bank injected 10 billion yuan of the 7-day reverse repo at 2.20%.

Market reaction

USD/CNY is off the six-day highs near 6.4060 on the latest PBOC operation. The spot trades at 6.4043, still up 0.12% at the time of writing.

Meanwhile, the AUD/USD pair is attacking the 0.7700 level after RBA minutes came in dovish while the focus shifts to the FOMC decision.

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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