China central bank leaves key policy rate unchanged as expected

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Bank Of China News

Policy Rate

SHANGHAI, June 17 — 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...

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The MLF rate serves as a guide to the loan prime rates and markets mostly use the MLF rate as a precursor to any changes to the lending benchmarks. The monthly fixing of LPRs is due on Thursday.The People’s Bank of China said it was keeping the rate on 182 billion yuan worth of one-year medium-term lending facility loans to some financial institutions unchanged at 2.50 per cent from the previous operation.

 

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