PBOC injects CNY 150bn via MLF on Monday

The People’s Bank of China (PBOC), Chinese central injected CNY 150bn through one-year medium-term lending facility (MLF) at 3.30% on Monday.

Meanwhile, CNY 20bn mature in reverse repos today, therefore, a net drain of CNY 19bn.

• PBOC sets Yuan reference rate at 7.0570