China's central bank kept its key policy rates unchanged Monday as the nation's banks started to lower deposit rates amid narrowing interest margins. The People's Bank of China said it kept the one-year medium-term lending facility rate unchanged at 2.75% while injecting 125.00 billion yuan ($17.96 billion) of liquidity via the MLF. It also maintained the interest rate of the seven-day reverse repurchase agreement steady at 2.00% while injecting CNY2.00 billion via the instrument. The hold on key policy rates came after some analysts anticipated a rate cut this month after Chinese banks were allowed to lower their ... (full story)