SHANGHAI, Oct 15 (Reuters) - China's central bank on
Thursday injected 500 billion yuan ($74.48 billion) worth of
medium-term loans into the banking system and kept borrowing
costs unchanged for the sixth straight month.
The People's Bank of China (PBOC) said in a statement it was
keeping the rate on one-year medium-term lending facility (MLF)
loans to financial institutions steady at 2.95% from previous
Analysts expect the rate decision could indicate no change
for the country's benchmark loan prime rate (LPR) next Tuesday.
The PBOC attributed the fund injection to "keep the banking
system liquidity reasonably ample", while "fully meeting
financial institutions' demand", according to the online
It added that Thursday's MLF operation would cover rollover
offseting a batch of such loans expiring on Friday, with a
volume of 200 billion yuan.
The PBOC also said it has injected another 50 billion yuan
through reverse repo operations on the same day, with the rate
($1 = 6.7136 Chinese yuan)
(Reporting by Winni Zhou and Andrew Galbraith; Editing by Sam