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Suggestions That PBoC MLF Ops Will Come Today

CHINA

Suggestions in the China Securities Journal that the PBoC will conduct MLF operations today, in line with analyst views flagged earlier this week. Do note that CNY200bn of outstanding funds drawn under the facility matures tomorrow. The interest rate applied to the ops should be held steady given the lack of movement in rates applied to shorter dated liquidity operations, meaning that focus will fall on the amount on offer.

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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