SHANGHAI, Feb 15 (Reuters) - China's central bank ramped
up medium-term liquidity injections as it rolled over maturing
policy loans on Wednesday, while keeping the interest rate
unchanged, matching market expectations.
The People's Bank of China (PBOC) said it was keeping the
rate on 499 billion yuan ($73.11 billion) worth of one-year
medium-term lending facility (MLF) loans to
some financial institutions unchanged at 2.75% from the previous
operation.
In a Reuters poll of 31 participants conducted this week,
all respondents expected the MLF rate to stay unchanged, with 25
of them predicting fresh fund offerings to exceed the maturity.
With 300 billion yuan worth of MLF loans set to expire this
month, the operation resulted in a net 199 billion yuan of fresh
fund injection into the banking system.
The central bank also injected another 203 billion yuan
through seven-day reverse repos while keeping
borrowing cost unchanged at 2.00%, it said in an online
statement.
($1 = 6.8255 Chinese yuan)
(Reporting by Winni Zhou and Brenda Goh
Editing by Shri Navaratnam)
Messaging: winni.zhou.thomsonreuters.com@reuters.net))
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