China's PBOC Leaves Key Policy Rates Unchanged

China's central bank kept its key policy rates unchanged on Monday, which may suggest a hold on benchmark lending rates later this month.

The People's Bank of China injected 779 billion yuan ($116.22 billion) of liquidity into the banking system via its one-year medium-term lending facility at an interest rate of 2.75%. The MLF rate, which is used to price the nation's benchmark loan prime rate, was the same as the central bank's previous operation.

The PBOC also injected CNY82 billion and CNY74 billion of funds via the seven-day and 14-day reverse repurchase agreements at an interest rate of 2.00% and 2.15%, respectively. Both rates were unchanged.

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(END) Dow Jones Newswires

01-15-23 2129ET