China’s central bank has kept the interest rate of one-year medium-term lending facility loans unchanged for the coming five months. Photo: Reuters
China refrains from policy rate cut, defying market expectations once again
- People’s Bank of China keeps some 200 billion yuan (US$29.7 billion) worth of one-year MLF loans unchanged
- Economists have said that benign inflation at home, along with the return of capital inflows last month, warranted a cut in the interest rate to support economic growth
China’s central bank has kept the interest rate of one-year medium-term lending facility loans unchanged for the coming five months. Photo: Reuters
