Financial News: China Keeps Medium-Term Lending Facility Rate Unchanged

China Keeps Medium-Term Lending Facility Rate Unchanged

05/15/2023 - 06:39:00 (RTTNews)

(RTTNews) - China's central bank kept the rate on one-year medium term lending facility unchanged on Monday.

The People's Bank of China infused CNY 125 billion into the financial market through one-year MLF. The rate on the MLF was retained at 2.75 percent. The operation was conducted to maintain reasonable liquidity in the banking system.

The bank also conducted CNY 2 billion of seven-day reverse repos at a rate of 2.00 percent.

As the MLF rate was kept unchanged today, the PBoC is likely to maintain its one-year loan prime rate at 3.65 percent and the five-year LPR at 4.30 percent this month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovakia Industrial Production, Trade Surplus Decline (21 min(s), 06 sec(s) ago)
(RTTNews) - Slovakia's industrial production declined in April, data from the Statistical Offi ...Full Story»

Turkey Industrial Production Contracts 1.2% (40 min(s), 06 sec(s) ago)
(RTTNews) - Turkey's industrial production declined in April after rebounding in the previous ...Full Story»

Swedish Economy Stagnates; Industrial Output Growth Accelerates (07 min(s), 06 sec(s) ago)
(RTTNews) - Sweden's economy remained unchanged in April after contracting in the previous two ...Full Story»

Russia Central Bank Signals Rate Hikes Ahead (38 min(s), 06 sec(s) ago)
(RTTNews) - The Bank of Russia left its key interest rate unchanged again on Friday but the forwar ...Full Story»

Finland Industrial Output Declines In April (50 min(s), 06 sec(s) ago)
(RTTNews) - Finland's industrial production logged a notable decline in April, figures from St ...Full Story»

Greece Inflation Eases Slightly To 2.8%, Lowest In 20 Months (21 min(s), 06 sec(s) ago)
(RTTNews) - Greece's consumer price inflation eased further in May to the lowest level in more ...Full Story»

Italy's Industrial Output Logs Steepest Fall In 7 Months (47 min(s), 06 sec(s) ago)
(RTTNews) - Italy's industrial production declined for the fourth successive month in April an ...Full Story»

Philippine Jobless Rate Falls To 4-Month Low (25 min(s), 06 sec(s) ago)
(RTTNews) - The Philippines' unemployment rate dropped for the second straight month in April ...Full Story»