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
(Market News Provided by FXstreet)