PBOC Leaves MLF Rate Unchanged
China's PBOC leaves 1-year Medium-Term Lending facility rate unchanged at 2.00% and conducts CNY500B operation
** Reminder on May 7th 2025 *(CN) China PBOC Gov Pan: To cut Key Policy Rate, RRR, LPR, SLF rates - joint press conference with CSRC (securities watchdog) on anticipated policy package to stabilise market and expectations - - ** Note: The PBOC has shifted away from using the MLF rate to set benchmark lending rates, and instead uses the seven-day reverse repo rate as its main policy rate. - ** Reminder on Mar 25th: (CN) Reportedly beginning this month, The PBOC will conduct MLF loan operations by adopting a fixed-quantity, interest-rate bidding, and multiple-price bidding method - financial press