China central bank set to inject fresh funds through medium-term policy loan

SHANGHAI : China's central bank is set to inject more liquidity when rolling over maturing medium-term policy loans for a fourth straight month on Wednesday, while keeping the interest rate unchanged, to support the economy, a Reuters survey showed.

In a poll of 28 market watchers conducted this week, all participants predicted the PBOC would keep the interest rate on the one-year medium-term lending facility unchanged at 2.75 per cent. China set the target for economic growth this year at around 5 per cent at the annual session of the National People's Congress . The target was at the low end of expectations, as policy sources had recently told Reuters a range as high as 6 per cent could be set. It is also below last year's target of around 5.5 per cent.

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