China Opens Liquidity Gates Amid Rising Headwinds to Growth

(Bloomberg) — China unleashed more funds into the financial system as policymakers sought to bolster the economy weighed by resurgence in virus-led curbs and slowdown in the nation’s property market.

The People’s Bank of China injected a net 100 billion yuan. It also kept the interest rate unchanged at 2.85% on Tuesday after slashing it in January for the first time in almost two years. Ten of the 17 economists polled by Bloomberg had forecast the PBOC to lower the rate.