PBOC conducts CNY400 billion via one-year MLF at 2.75%

The People’s Bank of China (PBOC) injected CNY400 billion via one-year medium-term lending (MLF) facility on Thursday.

The Chinese central bank kept the rate for one-year MLF operation rate unchanged at 2.75%, as widely expected. The PBOC maintained the status-quo after slashing rates in August.

The PBOC sold two billion yuan via 7-day reverse repos at 2.00% vs. 2.10% prior.