PBOC keeps interest rate on 1-year MLF unchanged at 2.95%

Dhwani Mehta FXStreet

The People's Bank of China (PBOC) extended one-year loans through its medium-term lending facility (MLF) on Friday while injecting 100 billion yuan and keeping the lending rate unchanged at 2.95%.

Additional headlines

"Second phase of reserve requirement ratio (RRR)cut went into effect Friday."

"RRR cut releases about 200 bln yuan of long-term liquidity."

AUD/USD reaction

The AUD/USD pair is off the lows but trades flat near 0.6460, awaiting fresh impetus on the Chinese data dump.

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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