PBOC unexpectedly keeps some policy rate unchanged, dashing hopes of rate cut
PBOC unexpectedly keeps some policy rate unchanged, dashing hopes of rate cut

PBOC unexpectedly keeps some policy rate unchanged, dashing hopes of rate cut

 

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China's central bank unexpectedly kept some of its policy rates unchanged on Tuesday, though many believe the authorities will resume monetary easing soon to support the slowing economy.

The People's Bank of China (PBOC) injected 200 billion yuan of liquidity to the banking system via one-year Medium-Term Lending Facility (MLF) on Tuesday at a rate of 2.85%, unchanged from the rate in the previous MLF operation, while 100 billion yuan . . .

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