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

Market news

15 October 2021

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

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

The Chinese central bank kept the rate for one-year MLF operation rate unchanged 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 almost unchanged on the latest PBOC operation. The spot trades at 6.4355, consolidating the previous bounce from four-month lows of 6.4271 reached a day before.

Meanwhile, the AUD/USD pair eases to 0.7415, as of writing, having faced rejection just below the monthly highs of 0.7427.

Commodities. Daily history for Thursday, October 14, 2021

Schedule for today, Friday, October 15, 2021

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