Press "Enter" to skip to content

PBOC keeps MLF rate unchanged, market still expects easing this week

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

The People's Bank of China (PBOC) kept the interest rate unchanged in its open market operations on Tuesday, indicating an inclination to avoid excessive monetary stimulus despite more signs of a deepening slowdown. However, many still expect more easing this week.

The central bank injected 200 billion yuan ($28.27 billion) via one-year medium-term lending facility (MLF) operation on Tuesday as 265 billion yuan of such loans matures. Meanwhile, 80 billion yuan worth of seven-day reverse . . .

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 

 

FREE TRIAL cancel anytime

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top