China kept its medium-term loan interest rates unchanged at 2.65%.
The People’s Bank of China kept key medium-term lending rates (MLF) unchanged at 2.65 percent after it launched a one-year medium-term credit facility loan worth 103 billion yuan ($14.43 billion).
The central bank said this would fully meet the cash demands of financial institutions and keep “reasonable and adequate liquidity in the banking system”.
The PBOC also conducted reverse buyback operations of 33 billion yuan via seven-day reverse repo at an unchanged 1.9 percent rate.