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PBoC Injects CNY200bn Via 1-Year MLF Ops

CHINA

PBoC injects CNY200bn via 1-Year MLF operations, at a steady rate of 2.95%.

  • Hadn't seen this round of operations flagged by the PBoC in recent weeks/days, perhaps the continued move higher in SHIBOR rates and worry re: bond defaults has dragged the PBoC into action.
  • The MLF operation conducted earlier in Nov was supposed to be it for the month.
  • Also worth noting there are no maturities in MLF ops today.
  • Next round of MLF ops are outlined for Dec 15, with a total of CNY600bn worth of maturing ops spread over Dec 7 and Dec 16.
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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