China’s central bank keeps key policy rates unchanged

China’s central bank kept its key policy rates unchanged on Monday, suggesting a hold on benchmark lending rates later this month.

The People’s Bank of China injected 170 billion yuan ($24.74 billion) of liquidity into the banking system via its one-year medium-term lending facility at an interest rate of 2.75%. The MLF interest rate, which is used to price the nation’s benchmark loan prime Rate, was the same as the previous operation.