The People’s Bank of China (PBOC) infused CNY500 billion via one-year medium-term lending (MLF) facility on Wednesday.
The Chinese central bank kept the rate for one-year MLF operation rate unchanged at 2.95%.
Separately, the PBOC injected 10 billion yuan through seven-day reverse repos.
Market reaction
USD/CNY is trading modestly flat on the latest PBOC operation. The spot trades at 6.3632, stuck in a tight range over the past three trading sessions.
Meanwhile, the AUD/USD pair is defending 0.7090 support, as of writing, adding 0.08% on the day.