- PBOC cuts one-year MLF rates to 2.5% from 2.65%
Market news
15 tháng 8 2023
PBOC cuts one-year MLF rates to 2.5% from 2.65%
On Tuesday, China's central bank, the People’s Bank of China (PBOC), lowered the one-year Medium-term Lending Facility (MLF) rate to 2.50% from 2.65% previous.
The PBOC announcement was beyond the market expectations and triggered the cautious optimism.
Market reaction
USD/CNY is trading listlessly near 7.2285 on the above announcement.
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