Insights on Chinese Markets: Medium-term Lending Facility Rate Unchanged
Economic Calendar in Asia - Monday, 19 February 2024
Chinese markets are back today after last week's holiday. Over the weekend the People's Bank of China set the Medium-term Lending Facility (MLF):
- PBOC leaves MLF rate unchanged at 2.5%, as expected
The PBOC is hamstrung in easing policy rates further by their fear of a run on the yuan. At the margin, the unchanged rate will be a negative input for the China and China-proxy trade (eg. AUD).
This snapshot from the ForexLive economic data calendar.
The times in the left-most column are GMT.
The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.