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.