People's Bank of China left its MLF rate unchanged – recap

<p>The news earlier was a disappointment from the PBoC, which was expected to cut its MLF rate today to 2.4%. It did not:</p><ul><li><a href="https://www.forexlive.com/centralbank/peoples-bank-of-china-set-mlf-rate-at-25-prior-25-20240115/" target="_blank" rel="follow" data-article-link="true">People's Bank of China set MLF rate at 2.5% (prior 2.5%)</a></li></ul><p>Via Reuters is a bit of a recap:</p><ul><li> China's central bank
boosted liquidity injections, added in 995 billion yuan vs. 779 billion yuan worth of MLF loans set to expire this month, a net 216 billion yuan fresh fund injection into the banking system</li><li> but surprised markets by leaving
the interest rate unchanged at 2.5% when rolling over maturing
medium-term policy loans</li><li>Many analysts, not all, had expected the central bank to cut the MLF
rate to help shore up the weak economy</li></ul><p>*** </p><p>Yuan has chopped around and is not a lot net changed:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.