The People's Bank of China held the interest rate on the one-year medium-term lending facility steady at 2%—a move predicted by nine of 10 economists surveyed by Bloomberg. The authorities also withdrew a net 1.15 trillion yuan ($158 billion) from the financial system with the tool, the most since 2014.
This story is from the December 26, 2024 edition of Financial Express Pune.
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This story is from the December 26, 2024 edition of Financial Express Pune.
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