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PBOC leaves 1-yr MLF rate unchanged at 2.3%
Injects 771 bln yuan (Il Sole 24 Ore Radiocor) - Beijing, 26 Aug - The People's Bank of China (PBOC) said that it has maintained the rate on its one-year policy loans, or the medium-term lending facility (MLF), at 2.3%.
The rate was cut by 0.20 percentage points in July.
The PBOC injected 300 billion yuan worth of MLF loans at 2.30%. Additionally. It injected another 471 billion yuan via seven-day reverse repos, keeping borrowing costs steady at 1.70%.
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(RADIOCOR) 26-08-24 08:19:19 (0105) 5 NNNN