PBOC injects 850bn yuan via a 1-year MLF, rate unchanged at 2.75%

Medium-term Lending Facility (MLF) from the People's Bank of China

• 1 trillion yuan maturing MLF

Thus a net withdrawing of 150bn yuan via MLF operation today. Further funds have been injected however via Pledged Supplementary Lending (PSL) and re-lending. There will be a net injection despite the MLF mismatch.

more to come