PBOC issues CNY1 trillion via one-year MLF at 2.95%

The People’s Bank of China (PBOC) injected a whopping CNY1 trillion via one-year medium-term lending (MLF) facility on Monday.

The Chinese central bank kept the rate for one-year MLF operation rate unchanged at 2.95%.

Market reaction

USD/CNY is almost unchanged on the latest PBOC operation. The spot trades at 6.3797, consolidating near five-month lows.

Meanwhile, the AUD/USD pair eases to 0.7334, as of writing, having faced rejection at 0.7350.