The policy interest rate remains unchanged for nine consecutive months. On 15 May, the People’s Bank of China issued a circular stating that, in order to preserve the liquidity of the banking system, the medium-term lending facility (MLF) of $12.5 billion and the reverse buying operation of the 2 billion yuan renminbi open market fully met the needs of financial institutions and that the median interest rate was equal to the preceding period. The operating interest rate of MLF remained unchan...