PBOC likely to keep MLF rate unchanged on Thursday – Securities Daily

The People's Bank of China (PBOC) is expected to maintain the rate on the medium-term lending facility (MLF) on Thursday as liquidity in the inter-bank market is viewed as reasonably ample, the Securities Daily reported, citing analysts.

Additional quotes

“Analysts are divided on how much of a maturing CNY600 billion MLF will be rolled over.”

“Some believe the PBOC will roll over a lower amount given sufficient money supply and liquidity, while others believe a renewed amount of CNY600 billion will help stabilize growth.“

“The one-year MLF rate sits at 2.75% after two 10 bp cuts in August and January.”

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