SHANGHAI/SINGAPORE, April 17 (Reuters) - China's central
bank ramped up liquidity injection when rolling over maturing
medium-term policy loans for the fifth consecutive month on
Monday, while keeping interest rate unchanged, matching market
expectations.
The People's Bank of China (PBOC) said it was keeping the
rate on 170 billion yuan ($24.75 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 29 market watchers conducted last week,
all participants expected no change to the MLF rate, while 23
forecast fund offerings would exceed maturity.
With 150 billion yuan worth of MLF loans set to expire this
month, the operation resulted a net 20 billion yuan fresh fund
injection into the banking system.
The central bank also injected 20 billion yuan through
seven-day reverse repos while keeping the
borrowing cost unchanged at 2.00%, it said in an online
statement.
($1 = 6.8690 Chinese yuan renminbi)
(Reporting by Winni Zhou and Tom Westbrook; Editing by
Christopher Cushing)
Messaging: winni.zhou.thomsonreuters.com@reuters.net))
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