Official data on Foreign Exchange Reserves released by the State Administration of Foreign Exchange (SAFE)

PBOC Injects 182 Billion Yuan, Keeps MLF Rate Unchanged at 2.5%

Jun 17, 2024, 01:47 AM

The People's Bank of China (PBOC) has injected 182 billion yuan into the banking system via a 1-year Medium-term Lending Facility (MLF) on Monday, while keeping the rate unchanged at 2.5%. This move comes as 237 billion yuan worth of MLF is set to expire. The decision to maintain the rate at 2.5% was in line with market expectations and the previous rate. The unchanged MLF rate, a key policy rate that influences the benchmark lending rate (Loan Prime Rate), reflects China's efforts to manage liquidity and currency pressures.