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

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