China’s economic data showed some early signs of stabilisation last month, after the government rolled out a range of measures from late September to put the economy back on track to hit the government’s growth target of around 5% this year.
China’s central bank kept a policy loan rate unchanged after last cutting it in September, as the authorities stay patient in ramping up monetary stimulus.
The People’s Bank of China (PBOC) held the interest rate on the one-year medium-term lending facility steady at 2%, according to a statement on Monday. All of the 14 economists surveyed by Bloomberg forecast no change.
