China’s central bank, the People’s Bank of China (PBOC) on Monday kept the one-year Medium-term Lending Facility (MLF) rate steady at 2.50%.
The PBOC left the seven-day reverse repo rate unadjusted at 1.80% while injecting CNY106 billion via seven-day reverse repos on Monday.
Market reaction
USD/CNY is trading 0.06% higher on the day at 7.3096 on the above announcement.
Source: https://www.fxstreet.com/news/pboc-keeps-one-year-mlf-rate-steady-at-250-202310160150