The People's Bank of China (PBOC) announced that it will conduct a RMB500 billion Medium-term Lending Facility (MLF) operation tomorrow (23rd), with a fixed quantity, interest rate bidding, and multiple price bidding method, for a term of one year. Related NewsLoan Prime Rate 1Y for 2025 in China is 3.0%, lower than the previous value of 3.1%. The forecast was 3%.