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PBoC MLF Ops On Deck

CHINA

A reminder that today will see the PBoC conduct medium-term lending facility (MLF) operations. CNY400bn worth of existing MLF is set to mature today, with another CNY150bn set to mature on August 26. The Bank has already noted that today's offering will be the only MLF op conducted during the month of August, and that volume would be dependent on market demand.

  • Focus will fall on the amount rolled over.
  • The interest rate applied to the 1-Year MLF operations has stood at 2.95% since April, with little indication that the rate applied to the ops will move today.
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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