PBoC keeps key lending rate unchanged
Central bank sticks to accommodative policy as China faces slowdown
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
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