SHANGHAI/SINGAPORE, May 15 (Reuters) - China's central
bank rolled over maturing medium-term policy loans while keeping
interest rates unchanged on Monday, matching market
expectations.
The People's Bank of China (PBOC) said it was keeping the
rate on 125 billion yuan ($18.08 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 30 market watchers conducted last week,
26 participants, or 86.7%, predicted no change to the MLF rate,
while four respondents expected a marginal rate cut.
With 100 billion yuan worth of MLF loans set to expire this
month, the operation resulted in a net 25 billion yuan fresh
fund injection into the banking system.
The central bank also injected 2 billion yuan through
seven-day reverse repos while keeping borrowing
costs unchanged at 2.00%, it said in an online statement.
($1 = 6.9121 Chinese yuan)
(Reporting by Winni Zhou in Shanghai and Tom Westbrook in
Singapore; Editing by Jacqueline Wong)
Messaging: winni.zhou.thomsonreuters.com@reuters.net))
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