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China Keeps Medium-Term Lending Facility Rate Unchanged

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
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China left its medium-term lending facility rate unchanged on Monday as the central bank focus more on diverting risks to the weakening yuan.The People's Bank of China conducted CNY 100 billion of one-year MLF at an interest rate of 2.5 percent. The interest rate was kept unchanged from the previous session. The bank injected CNY 2 billion via seven-day reverse repos at a rate of 1.8 percent. The ...

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