Chinese Central Bank Keeps MLF Rates Steady


The People’s Bank of China (PBOC) has kept rates for its medium-term lending facilities (MLF) unchanged in its latest round of open market operations.

PBOC undertook 200 billion yuan in one-year MLF operations and 10 billion yuan in 7-day reverse repo operations on 15 March.

The rate for the one-year MLF was 2.85%, while the rate for the 7-day reverse repos was 2.10%.