PBoC delivers first MLF rate cut since 2016

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Asia

PBoC delivers first MLF rate cut since 2016

Rebecca Feng
November 05, 2019 08:00 AM
pboc 230px.
People walk past the China's central bank or People's Bank of China in Beijing Tuesday, Aug. 11, 2015. China devalued its tightly controlled currency on Tuesday following a slump in trade, triggering the yuan's biggest one-day decline in a decade. (AP Photo/Andy Wong) | Andy Wong/AP/Press Association Images

The People’s Bank of China injected Rmb400bn ($57bn) of medium-term lending facility into the interbank market on Tuesday morning to roll over Rmb403.5bn of maturing MLF. It also lowered the one-year MLF rate by 5bp to 3.25%.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Asia Market newsChinaPeople and MarketsMarket NewsAsiaGreater ChinaNortheast AsiaChinaAsia PacificEM People and MarketsEmerging MarketsChina People and Markets
RF
Rebecca Feng
Gift this article