China central bank rolls over maturing medium-term policy loans, rate unchanged

The People's Bank of China (PBOC) said it was keeping the rate on 591 billion yuan ($81.2 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation. All 33 market watchers polled by Reuters this week predicted no change to the MLF rate.

China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged on Friday, matching market expectations. The People's Bank of China (PBOC) said it was keeping the rate on 591 billion yuan ($81.2 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation.

All 33 market watchers polled by Reuters this week predicted no change to the MLF rate. ($1 = 7.2770 Chinese yuan)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)