China Holds Interest Rates Steady While Draining Cash

Reported 1 day ago

China has decided not to cut interest rates, maintaining the one-year medium-term lending facility at 2% to reserve options amid potential trade tensions with the US. The People's Bank of China withdrew a net 1.15 trillion yuan ($158 billion) from the financial system, the highest amount since 2014, signaling patience before any concrete stimulus measures. Although there are expectations for future rate cuts in 2025, current liquidity management remains cautious.

Source: YAHOO

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