Home PBOC injects CNY 200 billion via one-year MLF on Monday

PBOC injects CNY 200 billion via one-year MLF on Monday

Published date: 17 Feb. 2020 | 03:02

People’s Bank of China (PBOC) injected CNY 200 billion via a one-year Medium-Term Lending Facility (MLF) on Monday, as hinted by some sources last hour.

The MLF operation was conducted at 3.15% rate, down from 3.25% seen in the previous operation.

Meanwhile, the Chinese central bank injected CNY 100 billion via seven-day Reverse Repos (RR) earlier today.

USD/CNH Price Analysis: Weak inside two-week-old descending triangle
PBOC has set the Yuan reference rate at 6.9795

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