PBoC holds key interest rate unchanged

The People’s Bank of China
The People's Bank of China

The People’s Bank of China kept its one-year medium-term lending facility (MLF) unchanged today (September 15), signalling a pause in its monetary easing cycle.

The PBoC also made a further 400 billion yuan ($57.2 billion) worth of loans to some financial institutions at 2.75%. With 600 billion yuan worth of such loans maturing on the same day, that resulted in a net withdrawal of 200 billion yuan from the banking system.

The PBoC’s latest move to keep the MLF rate unchanged matched market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account