PBOC to lower MLF rate to 2.75% from 3.0%

FXStreet (Mumbai) - The People’s Bank of China (PBOC) confirmed that it would reduce Medium Term Lending Facility (MLF) to 2.75% from 3.0%.

Key Points

Will keep markets interest rates stable

Volatility in liquidity has increased ahead of lunar new year

Will inject yuan 600bln via MLF, SLF and PSL