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: