2024-01-15 01:47:32 ET
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China’s central bank left its medium-term policy loans rate unchanged, defying market expectations for further policy easing to support economic growth.
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On Monday, The People's Bank of China (PBoC) said it was keeping the rate on 995 billion yuan ($138.84 billion) worth of one-year medium-term lending facility loans to some financial institutions unchanged at 2.50% from the previous operation, as the central bank balanced growth targets with market pressure on Monday.
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Investors now look ahead to Chinese GDP figures later this week for further guidance.
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ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ).
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Currency: ( CNY:USD )
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More on China economy:
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China’s economy remains deflationary as consumer prices fall for third straight month in December
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China trade surplus larger than estimated amid robust exports
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Chinese spy balloon said to use US internet service provider: report
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China keeps benchmark lending rate unchanged, amid efforts to revive slowing economy
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China pledges to strengthen fiscal policy to fuel economy's recovery
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For further details see:
PBoC keeps medium-term lending facility rate unchanged at 2.5%