SHANGHAI, March 15 (Reuters) - China's central bank
ramped up liquidity injections when rolling over maturing
medium-term policy loans for a fourth month in a row 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 481 billion yuan ($70.03 billion) worth of one-year
medium-term lending facility (MLF) loans to
some financial institutions at 2.75%, unchanged from the
previous operation.
In a Reuters poll of 28 market watchers conducted this week,
all participants expected the MLF rate to stay unchanged, with
20 predicting fund offerings would exceed the maturity.
With 200 billion yuan worth of MLF loans set to expire this
month, the operation resulted in a net 281 billion yuan of fresh
fund injections into the banking system.
The central bank also injected 104 billion yuan through
seven-day reverse repos while keeping the
borrowing cost unchanged at 2.00%, it said in an online
statement.
($1 = 6.8680 Chinese yuan)
(Reporting by Winni Zhou and Brenda Goh; Editing by Edmund
Klamann)
Messaging: winni.zhou.thomsonreuters.com@reuters.net))
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