People’s Bank of China issue a one year MLF at 2%
- 900bn yuan added
- 1445bn yuan in MLF mature today
- net 550bn yuan drain
This article was written by Eamonn Sheridan at www.forexlive.com. Source
PBOC net drain 550bn via MLF. Rate unchanged at 2%
access_timeNovember 25, 2024
Latest:
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- Bank of England Dhingra and Lombardelli speaking on Monday
- People’s Bank of China shift to the MLF as the main policy tool – drain today facilitates
- European Central Bank speakers Monday include Lane, Makhlouf
- PBOC net drain 550bn via MLF. Rate unchanged at 2%
- Still waiting on any People’s Bank of China Medium-term Lending Facility (MLF) announcemnt
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- PBOC sets USD/ CNY reference rate today at 7.1918 (vs. estimate at 7.2257): 25 November
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- PBOC is expected to set the USD/CNY reference rate at 7.2257 – Reuters estimate
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