China’s central bank kept its key policy rates unchanged on Monday, suggesting a hold on benchmark lending rates later this month.
The People’s Bank of China injected 170 billion yuan ($24.74 billion) of liquidity into the banking system via its one-year medium-term lending facility at an interest rate of 2.75%. The MLF interest rate, which is used to price the nation’s benchmark loan prime Rate, was the same as the previous operation.
The PBOC also injected CNY20 billion of funds via seven-day reverse repurchase agreements at an unchanged interest rate of 2.00%.
