Reported about 2 months ago
The People's Bank of China has decided to keep its key interest rate unchanged at 2.3% to manage bond market activity while supporting the slowing economy. This decision follows a recent 20-basis-point cut in July and aligns with the central bank's strategy to balance economic support and prevent excess liquidity, which could fuel bond market speculation. Despite withdrawing 101 billion yuan from the banking system, the bank is exploring potential easing measures in response to weak loan demand and upcoming maturity of policy loans.
Source: YAHOO