People’s Bank of China Keeps Key Rate Unchanged at 2.0%
Published
Maintained for the fourth consecutive month
China’s medium-term lending facility (MLF) rate remains unchanged at 2.0%, marking the fourth consecutive month at this level, according to Trading Economics.
On Friday, the People’s Bank of China provided financial institutions with ¥200 bn ($27.4 bn) through a one-year lending facility.
In September 2024, the central bank cut the rate by a record 30 basis points, highlighting efforts to support the economy.
