China’s central bank injects CNY 463bn via medium-term lending facility

The People’s Bank of China (PBOC) skipped Open Market Operations (OMOs) today, but injected 463bn Yuan via medium-term lending facility (MLF) for one year at a rate of 3.3%.

Additional details:

Net 203.5bn added to liquidity.

PBOC says injection ensure stable banking liquidity.

Earlier today, the China Securities Journal reported that may cut RRR, lift MLF and reverse repo yields in the ‘near future’.