Liquidity move: A pedestrian passes by the PBoC headquarters in Beijing. The central bank is seen to rely on structural and quantity tools to drive credit growth. — Bloomberg
SHANGHAI: China’s central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a fourth straight month yesterday, matching market expectations.
The People’s Bank of China (PBoC) said it was keeping the rate on 100 billion yuan (US$14.7bil or RM64.65bil) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.85%, offseting the same amount of such loans due on the same day.
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