China's central bank will conduct MLF operations Thursday: sources

by Aurelia Butler 14 May 2020, 01:15 169 Views

A batch of 200 billion yuan ($28.20 billion) worth of one-year MLF loans is due to expire on the day.

Markets will closely monitor the interest rate on the fresh MLF loan injection to gauge the People’s Bank of China (OTC:BACHY)’s (PBOC) monetary policy stance.

The MLF now acts as a guide for the PBOC’s new lending benchmark Loan Prime Rate (LPR).

The one-year MLF rate now stands at 2.95%.

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China's central bank will conduct MLF operations Thursday: sources

Global funds invest more in China as coronavirus spreads to the rest of the world

Coronavirus live updates: Japan's Takeda treatment trial could start in July, global cases top 4.3 million

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