China leaves rates unchanged in line with expectations

The People’s Bank of China left its 1-year loan prime rate unchanged for February at 3.65%, the central bank said on Monday.

It also left its 5-year loan prime rate, a reference for mortgages, unchanged at 4.30%, widely in line with expectations.

The PBOC last week left its medium-term lending facility loans rate unchanged at 2.75% while injecting more liquidity into the banking system as corporate loan demand recovers.