People's Bank of China Medium-Term Lending Facility (MLF)
- 100bn yuan
- one year maturity
- rate of 2.85%, unchanged from the previous MLF
- there is a 100bn MLF maturing this month
The unchanged rate will dampen expectations of a cut to the 1- and 5-year Loan Prime Rates (LPR) setting coming from the PBOC on the 20th (i.e. Friday this week).
Earlier post on interest rates in China: