Business

The PBOC kept its key MLF interest rate unchanged on Friday


The People’s Bank of China injected 150 billion yuan of liquidity via its medium-term loan facility, at an unchanged rate of 2.85%.

  • 150 billion MLF matured today, so it’s a net neutral
  • also injected CNY 10 billion through seven-day reverse repurchase agreements with a borrowing cost of 2.1%, also at an unchanged rate.

Analysts expect the PBOC to lower its key rates. China’s benchmark lending rate, the prime lending rate, is set based on the MLF interest rate. The next setting of the 1- and 5-year LPRs is scheduled for April 20.


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