# China keeps key lending rate unchanged as policymakers balance yuan, economic risks | Financial Post

> China's central bank kept the rate on 850 billion yuan of one-year MLF loans at 2.75% for a third straight month and partially rolled over maturing loans. The decision followed weak data and ongoing COVID outbreaks.

- Date: 2022-11-15 · published 2022-11-15T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/8204-china-keeps-key-lending-rate-unchanged-as-policymakers-balance-yuan-economic
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Holding rates steady signals policymakers are prioritizing yuan stability over economic stimulus, which limits near-term demand support for China's feed and livestock sectors.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-02-24 | [China leaves benchmark lending rates unchanged as Beijing signals tolerance for stronger yuan](https://feedsoft.ai/events/7900-china-leaves-benchmark-lending-rates-unchanged-as-beijing-signals-tolerance-for.md) | -0.3% | -0.3% |
| USDCNY | 2020-10-30 | [As China's yuan becomes a Biden election play, PBOC pushes back \| Financial Post](https://feedsoft.ai/events/50847-as-china-s-yuan-becomes-a-biden-election-play-pboc-pushes-back-financial-post.md) | -1.7% | -2.1% |
| USDCNY | 2023-02-16 | [China's yuan rises but strong U.S. retail sales data caps upside - Financial Post](https://feedsoft.ai/events/37552-china-s-yuan-rises-but-strong-u-s-retail-sales-data-caps-upside-financial-post.md) | +0.8% | +0.7% |
| USDCNY | 2022-06-14 | [China's yuan recovers from 1-month low, Fed, PBOC in focus \| Financial Post](https://feedsoft.ai/events/41172-china-s-yuan-recovers-from-1-month-low-fed-pboc-in-focus-financial-post.md) | -1.0% | -0.5% |
| USDCNY | 2024-01-22 | [China’s yuan holds steady on unchanged lending rates; offshore yuan liquidity tight - Markets - Business Recorder](https://feedsoft.ai/events/32359-china-s-yuan-holds-steady-on-unchanged-lending-rates-offshore-yuan-liquidity.md) | -0.2% | -0.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/china-keeps-key-lending-rate-unchanged-as-policymakers-balance-yuan-economic-risks-2

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.