Press "Enter" to skip to content

PBOC unexpectedly cut interest rate on MLF for first time since 2016


The People's Bank of China cut the interest rate on its medium-term lending facility (MLF) on Tuesday for the first time since early 2016, as policymakers work to prop up a slowing economy.

The central bank injected 400 billion yuan into the banking system via one-year MLF as 403.5 billion yuan MLF loans matured on the day, according to its statement.

The PBOC lowered the interest rate on the one-year . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day


FREE TRIAL cancel any time

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

Already have an account? Sign In