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FX.co ★ China Keeps Medium-Term Lending Facility Rate Unchanged

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typeContent_19130:::2023-05-15T10:39:00

China Keeps Medium-Term Lending Facility Rate Unchanged

China's central bank kept the rate on one-year medium term lending facility unchanged on Monday.

The People's Bank of China infused CNY 125 billion into the financial market through one-year MLF. The rate on the MLF was retained at 2.75 percent. The operation was conducted to maintain reasonable liquidity in the banking system.

The bank also conducted CNY 2 billion of seven-day reverse repos at a rate of 2.00 percent.

As the MLF rate was kept unchanged today, the PBoC is likely to maintain its one-year loan prime rate at 3.65 percent and the five-year LPR at 4.30 percent this month.

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