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by Verità&Affari editorial team
The People’s Bank of China left 1-year MLF interest rates unchanged at 2.5%. A move that surprised the markets, which had bet on a rate cut to 2.4%.
China’s MLF rates are the interest rates applied to loans that the People’s Bank of China provides to banks for a period of 6 months to a year.
Liquidity on the market
The central bank of China also announced that it has injected 995 billion yuan into the Chinese financial system, against MLF loans worth 779 billion yuan expected to mature this month.
The publication of China’s GDP is expected this week, on Wednesday 17 January.
(Teleborsa)