China Holds Off on Monetary Easing as Interbank Rates Stay Low

(Bloomberg) — China refrained from injecting funds into the banking system while keeping borrowing costs unchanged amid ample cash levels in the banking system.

The People’s Bank of China rolled over the 100 billion yuan ($14.8 billion) of maturing policy loans. It held the rate on its one-year medium-term lending facility at 2.85% on Friday, in line with all forecasts in a Bloomberg survey of economists.