Technical Analysis
PBOC injects 850bn yuan via a 1-year MLF, rate unchaged at 2.75%
Medium-term Lending Facility (MLF) from the People’s Bank of China
- 1 trillion yuan maturing MLF
Thus a net withdrawing of 150bn yuan via MLF operation today. Further funds have been injected however via Pledged Supplementary Lending (PSL) and re-lending. There will be a net injection despite the MLF mismatch.
more to come