China central bank keeps medium-term policy rate unchanged, market expects LPR reduction

SHANGHAI :China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a fourth straight month on Monday, matching market expectations.

Monday's liquidity move was designed to"keep banking system liquidity reasonably ample", the PBOC said in an online statement. Aggressive monetary easing in China, such as lowering both the reserve requirement ratio and key policy rates, would further separate its policy stance from other major economies, which have started tightening, and potentially trigger more capital outflows.

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