PBoC keeps key lending rate unchanged


China’s central bank kept its key interest rate unchanged for a third straight month today (November 15) amid an economic slowdown.

The People’s Bank of China rolled over 850 billion yuan ($120.21 billion) worth of one-year medium-term lending facility (MLF) loans at an interest rate of 2.75%, unchanged from the previous operation.

With 1 trillion yuan of MLF loans set to expire on the same day, the operation resulted in a net 150 billion yuan medium-term cash withdrawal through the instrument

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account