MLF is a medium term lending facility
200bn yuan of MLF mature on the 18th.
The rate on the MLF will set the stage for the monthly Loan Prime Rate (LPR) to come on the 20th.
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PBOC inject 300bn yuan via a 1 year MLF - rate unchanged at 2.85%
- Eyes were on the rate - no change though. No change in the rate was the consensus expectation.
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