PBOC injects funds via MLF for third straight month at unchanged rate, benchmark rate LPR expected to remain steady

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The People's Bank of China (PBOC) on Thursday injected 500 billion yuan liquidity via medium-term loans into the banking system and kept interest rate on the loans unchanged.

The central bank said it was keeping the rate on one-year medium-term lending facility (MLF) loans to financial institutions unchanged at 2.95 per cent from previous operations.

Analysts expect the rate decision could indicate no change for the country’s benchmark lending rate - loan prime rate (LPR) - scheduled to be announced next Tuesday.

The PBOC said the fund injection was . . .

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