PBoC keeps Medium-term Lending Facility (MLF) rate unchanged at 2.5%

The People’s Bank of China (PBOC), China's central bank kept the one-year Medium-term Lending Facility (MLF) rate steady at 2.50% on Wednesday. The PBoC also kept the five-year LPRs unchanged.

The one-year MLF was last cut in August 2023, from 2.65%.