China’s central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Friday, matching market expectations.
Despite the steady policy rate, market participants widely expect China to maintain an accommodative monetary stance and possibly unleash further stimulus including interest rate cuts and reserve requirement ratio reductions into the new year to boost the economy.
Read More : China’s Central Bank Expands Liquidity Support through Policy Loans, Leaves Rates Unchanged