PBOC injects CNY100 billion via one-year MLF at 2.95%

The People’s Bank of China (PBOC) injected CNY150 billion via one-year medium-term lending (MLF) facility on Thursday.

The Chinese central bank kept the rate for the one-year MLF operation unchanged for the 11th straight month at 2.95%.

Separately, the central bank drains medium-term liquidity from the banking system, sells 10 billion yuan of 7-day reverse repo at 2.2%.