China central bank ramps up fund injection via medium-term policy loans

SHANGHAI : China's central bank ramped up liquidity injections when rolling over maturing medium-term policy loans for a fourth month in a row on Wednesday, while keeping the interest rate unchanged, matching market expectations.

The People's Bank of China said it was keeping the rate on 481 billion yuan worth of one-year medium-term lending facility loans to some financial institutions at 2.75 per cent, unchanged from the previous operation. The central bank said Wednesday's loan operation was meant to"keep banking system liquidity reasonably ample" to fully meet cash demand from financial institutions, it said in an online statement.

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China central bank set to inject fresh funds through medium-term policy loanSHANGHAI : 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.The People's Bank of China (PBOC) will continue to keep l
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