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MNI: PBOC Cuts 14-Day Reverse Repo Rate,  MLF Rate Unchanged

MNI (Singapore)
（MNI）Beijing
Policy NewsCentral Bank NewsPBOCAPACChinaBriefStoryRegion
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The People's Bank of China (PBOC) reduced its 14-day reverse repo rate by 20bp to 1.95% and held the seven-day reverse repo rate and medium-term lending facility unchanged at 1.8% and 2.5%.

The central bank conducted CNY591 billion via one-year MLF, CNY105 billion via seven-day repo and CNY34 billion via 14-day repo on Friday. The operation has led to a net injection of CNY367 billion after offsetting the maturity of CNY363 billion reverse repos and CNY400 billion MLF today, according to Wind Information.

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The People's Bank of China (PBOC) reduced its 14-day reverse repo rate by 20bp to 1.95% and held the seven-day reverse repo rate and medium-term lending facility unchanged at 1.8% and 2.5%.

The central bank conducted CNY591 billion via one-year MLF, CNY105 billion via seven-day repo and CNY34 billion via 14-day repo on Friday. The operation has led to a net injection of CNY367 billion after offsetting the maturity of CNY363 billion reverse repos and CNY400 billion MLF today, according to Wind Information.

Keep reading...Show less