China's Central Bank Holds Rates Steady, Signals Continuity in Lending Policy

Mumbai, 17 Jun (Commoditiescontrol): In a strategic decision underscoring stability, the People's Bank of China (PBOC) announced on Monday that it would maintain its key policy rates unchanged. This decision suggests a likely hold on the benchmark lending rate later this month, a move aimed at ensuring economic steadiness.

The PBOC injected 182 billion yuan ($25.09 billion) into the financial system via its medium-term lending facility (MLF), maintaining the interest rate at 2.5%, unchanged from the previous operation.

This injection of liquidity without altering the borrowing cost indicates the central bank's intent to support financial institutions while preserving current monetary conditions. Analysts interpret this as a clear signal that the benchmark lending rate, critical for consumer and business loans, will likely remain steady in the forthcoming review.

(By Commoditiescontrol Bureau; +91-9820130172)