China's Central Bank Provides 300 Billion Yuan in One-Year Loans to Banks, Interest Rates Unchanged

Forex - The People's Bank of China did not change the interest rate while conducting its medium-term lending facility operation. According to the announcement, the PBOC provided a one-year MLF loan worth 300 billion yuan ($41.10 billion) to some financial institutions at an unchanged interest rate of 2.00%. The central bank stated that the bidding rates in today's operation ranged from 1.90% to 2.30%. The MLF loan valued at 1.45 trillion yuan was set to mature this month.