China left the key interest rate at 3.85% on Thursday. This decision was made within the framework of efforts to stabilize the country's economy amid rising inflation.
The president of the Chinese People's Bank stated: "This decision will ensure the stability of the financial market and contribute to the sustainable development of the national economy."
Experts had expected an increase in the interest rate due to high inflation, but the regulator preferred to keep the current level to support economic growth and the stability of the financial system.
Leaving the interest rate unchanged allows to maintain the accessibility of credit and ensure additional support for entrepreneurial activity.
