China 200bn CNY MLF injection, 1 year, rate unchanged

PBOC conducts 200 billion yuan of 1-year MLF

• 2.85% rate is unchanged

200bn mature, so net the injection is zero, just a rollover.

-

I had a preview of this here:

• I suspect the rate will remain unchanged at 2.85%

But the experts disagreed:

• "Many analysts expect China’s central bank to cut the rate on its MLF on Wednesday"

Eamonn 1, Experts nil.

LOL.