The People’s Bank of China (PBoC) kept its multilateral interest rate steady for a third month, withdrawing the largest cash funds since 2014.

The People’s Bank of China (PBoC) has launched a one-year medium-term loan facility (MLF) worth CNY300 billion for financial institutions at the same interest rate of 2.0%.

This is in contrast to the Multilateral Fund’s loans of CNY1.45 trillion