China’s Central Bank Unexpectedly Maintains Rate, Adds Liquidity

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing on Dec. 13, 2021. Andrea Verdelli/Bloomberg via Getty Images

News Analysis

The People’s Bank of China (PBOC) held the medium-term policy rate steady on Monday, relying on market expectations for a cut needed to shore up China’s shaky post-pandemic economic recovery.