• PBOC cuts one-year MLF rate to 2.65% from 2.75% previous, as expected

Market news

15 June 2023

PBOC cuts one-year MLF rate to 2.65% from 2.75% previous, as expected

On Thursday, China's central bank, the People’s Bank of China (PBOC), lowered the one-year Medium-term Lending Facility (MLF) rate to 2.65% from 2.75% previous.

The PBOC announcement was broadly in line with market expectations.

Market reaction

USD/CNY is trading listlessly near 7.1625 on the above announcement.

Market Focus
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