A piece in the China Securities Journal says the People’s Bank of China is expected to inject funds via a medium-term lending facility operation.
If I’m not mistaken a large MLF matures this week, on Tuesday.
- 1 trillion yuan (circa US$139 billion) maturing
The injection is expected to match the maturing amount according to a majority of analysts surveyed. Its not all of them expecting this though.
Note also that one- and five-year loan prime rates (LPR) will be set on Monday, the 231st. The rate set for the MLF will provide a clue of any change coming for the LPR rates. Currently at
- 3.65% for the one year
- 4.30% for the five year