- PBOC conducts CNY400 billion via one-year MLF at 2.75%
Market news
15 September 2022
PBOC conducts CNY400 billion via one-year MLF at 2.75%
The People’s Bank of China (PBOC) injected CNY400 billion via one-year medium-term lending (MLF) facility on Thursday.
The Chinese central bank kept the rate for one-year MLF operation rate unchanged at 2.75%, as widely expected. The PBOC maintained the status quo after slashing rates in August.
The PBOC sold two billion yuan via 7-day reverse repos at 2.00% vs. 2.10% prior.
Market reaction
USD/CNY picked up fresh bid on the latest PBOC operation. The spot is currently trading at 6.9647, adding 0.05% on the day.
Meanwhile, the AUD/USD pair is hovering around 0.6750, as investors assess the latest Australian jobs data for fresh cues on the RBA’s next policy move. The pair is up 0.06% so far.
Market Focus
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