The people's Bank of China took an unexpected decision on the key rate

the people’s Bank holds key rate on loans to Prime borrowers (LPR) at the level of 4.05%. While some analysts predicted a decrease by at least 5 basis points after March, the regulator has reduced the ratio of reserve requirements and added liquidity to the financial system. The five-year rate LPR has not changed: she was left at 4.75%.

meanwhile, just this week, the Central Bank of China entered into the financial system about $14 billion through medium-term loans. All key economic indicators — industrial production, retail sales, investment — fell in February to historic lows.

meanwhile, as noted by Bloomberg surveyed analysts they expect the decline will still happen in the near future. Meanwhile, the people’s Bank of China, according to experts, leaves himself more space to maneuver.