China central bank conducts medium-term loan operation, leaves rate unchanged

December 25, 2024

China’s central bank, the People’s Bank of China (PBOC), conducted a medium-term loan operation on Wednesday, issuing 300 billion yuan ($41.1 billion) in one-year loans at an unchanged interest rate of 2.00%, as part of efforts to manage expiring loans worth 1.45 trillion yuan this month.

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