China central bank leaves key policy rate unchanged

The People's Bank of China (PBOC) building in Beijing, China. - Bloomberg

SHANGHAI: China’s central bank has left a key policy rate unchanged as expected when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the US Federal Reserve (Fed) limiting Beijing’s room to manoeuvre on monetary policy.

Beijing is striking a delicate balancing act to support the economy at a time when signs of persistent deflationary pressure call for more stimulus measures.