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SHANGHAI—China’s central bank kept borrowing costs of its medium-term policy loan unchanged for the third straight month as expected on Friday. The People’s Bank of China (PBOC) said it was keeping the rate on 150 billion yuan ($23.52 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.85 percent from the previous operation, to “maintain banking system liquidity reasonably ample,” according to an online statement. With 150 billion yuan worth of MLF loans maturing on Friday, the operation resulted in zero net cash injection into the banking system. The central bank also injected 10 billion yuan through seven-day reverse repos while keeping the borrowing cost unchanged at 2.1 percent, according to an online statement. ...

Source: https://www.theepochtimes.com/china-kee ... 06284.html