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MNI BRIEF: PBOC Delays Monthly Operation, Weakens MLF Role

MNI (Singapore)
(MNI)Beijing
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The People’s Bank of China has delayed the monthly operation of its medium-term lending facility, further downplaying its role as a key policy rate.

The PBOC will conduct the operation on Aug 26, while a total of CNY401 billion of one-year MLF will mature this month, according to a statement on the central bank’s website on Thursday,

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The People’s Bank of China has delayed the monthly operation of its medium-term lending facility, further downplaying its role as a key policy rate.

The PBOC will conduct the operation on Aug 26, while a total of CNY401 billion of one-year MLF will mature this month, according to a statement on the central bank’s website on Thursday,

Keep reading...Show less