China cbank leaves key policy rate unchanged as expected
SHANGHAI/SINGAPORE - China's central bank left a key policy rate unchanged as expected on Monday when rolling over maturing medium-term loans, and drained some funds from the banking system.
In a Reuters poll of 31 market watchers, 30, or 97%, of all respondents expected the PBOC to leave the interest rate on MLF rate unchanged. The central bank also injected 4 billion yuan through seven-day reverse repos while keeping borrowing cost unchanged at 1.80%, it said in an online statement.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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