PBOC leaves one-year MLF rate unchanged at 2.50%

Market news

15 September 2023

PBOC leaves one-year MLF rate unchanged at 2.50%

On Friday, China's central bank, the People’s Bank of China (PBOC), left the one-year Medium-term Lending Facility (MLF) rate unchanged at 2.50%.

The PBOC kept the seven-day reverse repo rate steady at 1.80% while the 14-day reverse repo rate was lowered to 1.95% vs. 2.15% previous.

Also read: China cuts banks' reserve ratio for second time in 2023 amid faltering recovery

Market reaction

USD/CNY is trading better bid near 7.2810 on the above announcement.

WTI surges to the fresh YTD high above the $90.10 mark amid tighter supply expectations

USD/CAD holds steady above 1.3500, upside potential seems limited amid bullish Oil prices

Market Focus

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