The People's Bank of China has lent 150bn yuan in medium term lending facility (MLF)
- one year
- rate 3.30%, same as last injection
Pretty much just an offset for the 149bn yuan in MLF maturing today!
I noted earlier the PBOC had skipped OMOs. 20bn yuan in RRs mature today also. Overall, combining MLF movements and RRs a net drain on 19bn yuan.
