• China’s central bank on Monday left a key policy interest rate unchanged as widely expected when rolling over maturing medium-term loans, and drained some cash from the banking system through the bond instrument.
  • Cooling inflation, slowing credit expansion and shrinking exports in March all pointed to the need for more stimulus to revive momentum in the world’s second-largest economy, analysts said.
  • The People’s Bank of China (PBOC) said it was leaving the rate on 100 billion yuan ($13.82 billion) worth of one-year MLF loans to some financial institutions at 2.50%.