China's Central Bank Holds Key Policy Rate Steady Amid Global Financial Uncertainty
  • 2 months ago
China's central bank maintained its key policy rate on Sunday, keeping the one-year medium-term lending facility loans rate at 2.50% while rolling over maturing loans. This decision comes amid global financial uncertainty and the anticipation of the Federal Reserve's easing timeline. The steady MLF rate reflects China's aim to stabilize the yuan and manage the risk of currency depreciation and capital outflows. There is market speculation about potential future rate cuts to stimulate the world's second-largest economy.