News Snapshot:
BEIJING--China's central bank kept its key policy interest rates unchanged on Friday, going against market expectations of a rate cut, to shore up the cooling economic growth amid the flare-up of Covid-19 outbreaks. The People's Bank of China said in a brief statement that it injected 150 billion yuan ($23.5 billion) of liquidity via its medium-term lending facility which will charge banks an interest rate of 2.85%. The rate was the same as the central bank's last operation. The PBOC also injected CNY10 billion through seven-day reverse repurchase agreements with a borrowing cost of 2.1%, also unchanged from its last...
