People’s Bank of China reduces 1 year Medium-term Lending Facility (MLF) rate to 2.3%

Last week the PBOC left the MLF rate at 2.5%

.

Cuts today, to 2.3%

injects 200bn yuan in a 1 year MLF

Reuters reporting on a statement from the People’s Bank of China.

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