China keeps benchmark loan interest rates unchanged
The People’s Bank of China kept its benchmark policy interest rate constant.
The People’s Bank of China kept its key policy rate on the medium-term lending facility (MLF) unchanged on Wednesday, in line with market expectations.
The People’s Bank of China (PBOC) said it kept the one-year MLF loan rate of 125 billion yuan ($17.28 billion) granted to some financial institutions constant at 2.50 percent compared to the previous operation.
84 percent of economists expected the People’s Bank of China to keep the MLF interest rate unchanged.