PBOC injects CNY300 billion via one-year MLF at 2.85%

The People’s Bank of China (PBOC) injected CNY300 billion via one-year medium-term lending (MLF) facility on Tuesday.

The Chinese central bank kept the rate for one-year MLF operation rate unchanged at 2.85% after cutting it from 2.95% last month.

The PBOC’s decision on the monthly Loan Prime Rate (LPR) is due to be announced on the 20th.