China fights yuan weakness with steady interest rates as US tariff threats ease

China’s central bank kept its medium-term lending facility (MLF) rate locked at 2.0% on Monday, stabilizing the yuan as pressure mounts following Donald Trump’s U.S. election win. The People’s Bank of China (PBOC) injected 900 billion yuan ($124.26 billion) in one-year loans to financial institutions without altering rates, signaling a cautious approach amid global economic

Source: Cryptopolitan