China keeps interest rate unchanged for 11th straight month, rolls over 100 billion yuan of medium-term loans

China’s central bank on Monday injected medium-term loans into the banking system, while keeping the interest rate unchanged for an 11th straight month.The People’s Bank of China (PBOC) said in a statement it was keeping the rate on 100 billion yuan (US$15.37 billion) worth of one-year medium-term lending facility (MLF) loans to financial institutions steady at 2.95 per cent from previous operations.The PBOC also said the operation was a rollover of the same amount of maturing MLF loans due on…

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