The People Bank of China (PBoC) maintained borrowing cost on its medium term loans on 15th June for the second month in a row. The one-year medium-term lending facility (MLF) loans to financial institutions were left unchanged at 2.95%. The move is expected to offer an indication for the country’s monthly benchmark loan prime rate (LPR) was steady, which is due to announce later next Monday. On Monday, CNY 200 billion was injected into the market via MLF. The PBoC said the cash injection was meant to ensure banking system liquidity is reasonably ample.