The People's Bank of China (PBOC) said it was keeping the rate on the one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation. Market participants were concerning that cutting rates before a widely expected move by the Federal Reserve would widen yield differentials, potentially putting more pressure on the yuan, which has depreciated 1.3% against the dollar so far this year. Read The Rest at :
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