PBOC injects CNY500 billion via one-year MLF at 2.95%

The People’s Bank of China (PBOC) infused CNY500 billion via one-year medium-term lending (MLF) facility on Wednesday.

The Chinese central bank kept the rate for one-year MLF operation rate unchanged at 2.95%.

Separately, the PBOC injected 10 billion yuan through seven-day reverse repos.