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PBOC Likely To Keep MLF Rate Unchanged - Daily

CHINA PRESS
MNI (Singapore)

The People’s Bank of China is likely to keep the rate on the medium-term lending facility (MLF) unchanged on Thursday as liquidity in the inter-bank market is viewed as reasonably ample, the Securities Daily reported. Analysts are divided on how much of a maturing CNY600 billion MLF will be rolled over. Some believe the PBOC will roll over a lower amount given sufficient money supply and liquidity, while others believe a renewed amount of CNY600 billion will help stabilise growth. The one-year MLF rate sits at 2.75% after two 10 bp cuts in August and January.

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