PBOC keeps one-year MLF rate steady at 2.50%

China's central bank, the People’s Bank of China (PBOC) on Monday kept the one-year Medium-term Lending Facility (MLF) rate steady at 2.50%.

The PBOC left the seven-day reverse repo rate unadjusted at 1.80% while injecting CNY106 billion via seven-day reverse repos on Monday.

Market reaction

USD/CNY is trading 0.06% higher on the day at 7.3096 on the above announcement.