China's central bank keeping medium-term lending facility rates on hold
- 259 bln yuan offered in total to 13 institutions
- 3 mth 2.75%
- 6 mth 2.85%
- 12 mth 3.0%
MLF offered to maintain reasonable ample liquidity says PBOC and provide support for some sectors of the economy.
In the light of recent weak data we may have expected some easing but the injection is deemed sufficient by the PBOC at this time,
