The People’s Bank of China left the interest rate on its medium-term funding for financial institutions unchanged on May 15th, even as policymakers have ramped up monetary easing to mitigate the worst economic slowdown in decades. The one-year medium-term lending facility (MLF) loans to financial institutions was kept at 2.95%, unchanged from the previous operations, the central bank said in a statement on its website. On Friday, CNY 100 billion was injected into the market via MLF.