The People’s Bank of China (PBOC) extended one-year loans through its medium-term lending facility (MLF) on Wednesday by injecting CNY100 billion at a reduced lending rate unchanged of 2.95%. The lending rate on one-year MLF was cut to 2.95% from 3.15% previous, the lowest rate ever for an MLF operation. Markets were expecting the MLF rate cut to be announced on Friday but the liquidity crunch due to the coronavirus outbreak may have prompted the central bank to act earlier. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next New Zealand Finance Minister Robertson: Looking at more support for firms and households FX Street 2 years The People's Bank of China (PBOC) extended one-year loans through its medium-term lending facility (MLF) on Wednesday by injecting CNY100 billion at a reduced lending rate unchanged of 2.95%. The lending rate on one-year MLF was cut to 2.95% from 3.15% previous, the lowest rate ever for an MLF operation. Markets were expecting the MLF rate cut to be announced on Friday but the liquidity crunch due to the coronavirus outbreak may have prompted the central bank to act earlier. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
