China’s central bank kept a key interest rate steady as it seeks to shield the yuan from extensive swings, while assessing the impact of recent support measures for the economy and markets. The People’s Bank of China held the rate on its one-year policy loans unchanged at 2.5% on Sunday, in line with expectations among most economists surveyed by Bloomberg. Policymakers made a small cash injection of 1 billion yuan ($139 million) into the banking system, the smallest infusion since August. China’s economy is flagging under the weight of a property crisis, weak confidence and deflation pressures, leading to souring ... (full story)