China's Central Bank Rolls Over Loans, Keeps Rates Unchanged to Boost Liquidity

China's central bank rolled over maturing medium-term policy loans while keeping interest rates unchanged to boost liquidity.
The PBOC kept the rate on 591 billion yuan ($81.2 billion) of 1-year medium-term lending facility loans at 2.50%.
The move came after the PBOC cut the amount of cash banks must hold as reserves to boost liquidity.
Authorities are using liquidity tools rather than rate cuts to support the economy and ease pressure on the yuan.
The PBOC also injected 105 billion yuan through 7-day reverse repos at 1.90% and 34 billion yuan via 14-day reverse repos at 1.95%.

reuters.com

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Posted 9/15/2023, 2:37:51 AM