600bn yuan of MLF matured today, Monday 15 August 2022
more to come
The People's Bank of China has rolled over 400bn yuan at 2.75% (prior was 2.85%)
- for 1 year
Also, the PBOC cut its 7 day reverse repo rate to 2% from 2.1%
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The MLF rate is a key indicator of next week's ending benchmark loan prime rate (LPR).
What is a Medium-term Lending Facility (MLF)?
- may be three, six or 12 months loans
- loans to banks
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Background here:
