Bank of China keeps medium-term lending facility rate at 2 percent on 900 billion yuan ($124.26 billion)

MARKET NEWS — China on Monday kept its medium-term lending rate steady, as the country's central bank seeks to stabilize the yuan which has come under pressure following Donald Trump's victory in the U.S. presidential election.

The People's Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions... cnbc.com