The People's Bank of China (PBOC) in Beijing. — Bloomberg
BEIJING: China’s central bank kept the policy loan rate unchanged after cutting it in September, as the authorities stay patient in ramping up monetary stimulus.
The People’s Bank of China (PBoC) held the interest rate on the one-year medium-term lending facility (MLF) steady at 2%, according to a statement yesterday. All of the 14 economists surveyed by Bloomberg forecast no change.
