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MLF Ops Due Today

CHINA

A reminder that the PBoC is set to conduct 1-Year MLF operations today. CNY 600bn worth of 1-Year MLF ops will mature during the month of November (CNY400bn back on November 5, and CNY200bn on November 16, today). The PBoC noted that the size of today's operations will be based on market demand. The rate applied to the operations should be left unchanged at 2.95%, given the lack of movement in daily OMO rates in recent weeks/months.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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