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People's Bank of China reduces 1 year Medium-term Lending Facility (MLF) rate to 2.3%

People's Bank of China reduces 1 year Medium-term Lending Facility (MLF) rate to 2.3%

Central Banks
Eamonn Sheridan
25/07/2024 | 01:25 GMT
  • Previously at 2.5%

Last week the PBOC left the MLF rate at 2.5%

.

Cuts today, to 2.3%

  • injects 200bn yuan in a 1 year MLF

Reuters reporting on a statement from the People's Bank of China.

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