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Get Ready for the MLF Party in China: No Rate Cut from the People’s Bank of China!
Welcome to the World of Chinese Monetary Policy Understanding the Medium-term Lending Facility Rate If you’ve been keeping an eye on the financial news lately, you may have heard about the People’s Bank of China’s Medium-term Lending Facility (MLF) rate. This rate, which is set on the 15th of each month, currently stands at 2.5%….