China cbank rolls over medium-term policy loans, rate unchanged
SHANGHAI/SINGAPORE :China's central bank rolled over maturing medium-term policy loans and kept the interest rate unchanged as expected on Monday, however markets expect authorities will need to unleash more stimulus to support slowing economic growth.
The People's Bank of China said it was keeping the rate on 103 billion yuan worth of one-year medium-term lending facility loans to some financial institutions unchanged at 2.65 per cent. Economists now expect more stimulus could be announced after the Politburo meeting later this month, when a top decision-making body of the ruling Communist Party meets to discuss the economy.
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