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THE People's Bank of China, China's central bank, on Monday added 995 billion yuan ($138.84 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions but kept the policy rate unchanged.
With 500 billion yuan worth of MLF loans maturing, the PBOC is injecting fresh liquidity into the banking system. Market watchers polled by Reuters last week predicted no change to the MLF rate.
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China's central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, after a string of data showed some signs of economic stabilisation. China has already lowered the medium-term policy rate twice since June to stimulate credit demand and support a faltering economic recovery. All 33 market watchers polled this week predicted that the People's Bank of China (PBOC) would leave the interest rate on its one-year medium-term lending facility (MLF) loans unchanged when it is due to ...
Chaos marred the event with different political parties clamouring for their respective candidates