July 25, 2024 at 02:25AM
Last week the PBOC left the MLF rate at 2.5%
.
Cuts today, to 2.3%
injects 200bn yuan in a 1 year MLF
Reuters reporting on a statement from the People’s Bank of China.
This article was written by Eamonn Sheridan at www.forexlive.com.
People’s Bank of China reduces 1 year Medium-term Lending Facility (MLF) rate to 2.3%