China seen rolling over medium-term loans, rate change not expected

SHANGHAI: China's central bank is expected to roll over its medium-term loans maturing this week, but a second consecutive cut to its lending rate is seen as unlikely, a Reuters survey showed.

Nineteen out of 22 financial institutions surveyed said they expect the People's Bank of China (PBOC) to issue 200 billion yuan ($31.45 billion) in maturing medium-term lending facility (MLF) loans on Tuesday, matching the amount maturing on Friday.