PBoC keeps key rate on hold
MLF rate stays at 2.85%, as investors turn attention to second rate move next week
The People’s Bank of China chose to keep one of its key benchmark rates on hold today (February 15), as policy-makers continue to navigate between financial risks and economic weakness.
The PBoC held the rate on its medium-term lending facility (MLF) at 2.85%, and offered 300 billion yuan ($47 billion) in liquidity at a one-year maturity. In a short statement, the central bank said the move was designed to keep banking system liquidity “at a reasonable level”.
Attention now turns to the PBoC’s
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