MLF cut isn’t additional easing
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
On Monday, the central bank (PBoC) issued RMB 200 billion worth of liquidity through its medium-term lending facility (MLF).
The bank also cut interest rates on the MLF loans by 10 basis points – down to 3.15%, from 3.25% previously.
Some context: On February 3, the PBoC cut rates on its shor...