China's Central Bank Keeps Steady While Traders Anticipate Rate Cuts in 2025
In a move that signals cautious optimism amidst potential US trade tensions, China's People's Bank decided to keep its key interest rate unchanged while executing a significant liquidity action. By holding the one-year medium-term lending facility (MLF) rate at 2% and withdrawing a staggering 1.15 trillion yuan from the financial system—the largest since 2014—the PBOC appears to be strategically preserving its policy levers.
Dec 26