China's central bank maintained the rate on medium-term lending facility unchanged unexpectedly on Monday as any reduction would add downward pressure on the renminbi. The People's Bank of China added CNY 995 billion via the MLF, which is set to mature in one year. The interest rate was 2.5 percent, unchanged from the previous operation. Markets widely expected a reduction in the MLF rate. The cen...
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.