PBOC one year MLF, 200bn yuan

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China adds funds into markets in China

  • A one year medium term lending facility operation
  • 200bn yuan
  • rate 3.3%, unchanged from the previous 
Accompanying this today is phase three of cuts to the RRR
  • reserve requirement ratio
  • lowered for  county-level rural commercial bank
  • worth about 100 bln yuan in long-term capital release
---
In brief, these are minor easing operations from the PBOC. The RRR cut was preannounced. 

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose