China's central bank, the People's Bank of China, left its Medium-term Lending Facility (MLF) rate unchanged at 2.5% on Sunday. Surveys had shown around two thirds of analysts had expected the rate to be unchanged, others expecting a small cut. 500 billion yuan will be injected as one-year loans499 bn yuan mature, which means a net injection of 1 bn yuanIn Open Marker Operations the Bank injected 105bn yuanNo signs of monetary policy relief from China in this today. The most recent easing from the PBOC was the Reserve Requirement Ratio (RRR) earlier this month:PBOC to cut reserve requirement ratio from 5 FebruaryThe People's Bank of China ---What is the MLF?The PBOC's MLF rate is a benchmar
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