China's central bank keeps interest rates unchanged

The People's Bank of China has kept the benchmark medium-term credit facility (MLF) interest rate unchanged. The People's Bank of China has kept the interest rate on its one-year medium-term credit facility (MLF) unchanged. The People's Bank of China has kept the interest rate on its one-year medium-term credit facility loans of 125 billion yuan at 2.75 percent, in line with market expectations. The central bank has provided 125 billion yuan in loans this month instead of the 100 billion yuan MLF, thus providing 25 billion yuan to the banking system.