PBOC official announcements and press releases

PBOC Injects 182 Billion Yuan via 1-Year MLF, Keeps Rate at 2.5%, Previous MLF 125B Yuan

Jun 17, 2024, 01:21 AM

The People's Bank of China (PBOC) conducted a 182 billion yuan injection into the banking system via a 1-year Medium-Term Lending Facility (MLF) on June 17, 2024. The central bank also injected 4 billion yuan through a 7-day Reverse Repo (RRP). The 1-year MLF interest rate was kept unchanged at 2.5%, consistent with market expectations of 2.5% and the prior rate of 2.5%. This marks the fourth consecutive month that the PBOC has drained cash from the MLF. Additionally, 237 billion yuan of MLF is set to expire this week, along with 8 billion yuan of 7-day RRP due. The previous MLF volume was 125 billion yuan.