Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022.
REUTERS/Tingshu Wang/File photo Acquire Licensing RightsSHANGHAI, Oct 16 (Reuters) - China's central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged as expected.
It held the rate on the one-year policy loans at 2.50%, unchanged from the previous operation.
With 500 billion yuan worth of MLF loans maturing, the PBOC is injecting fresh liquidity into the banking system.
Market watchers polled by Reuters last week predicted no change to the MLF rate.
Persons:
Tingshu Wang, PBOC, Stone Zhou, Xing Zhaopeng, Christian Schmollinger
Organizations:
People's Bank of China, REUTERS, Rights, Reuters, Global Markets, UOB, ANZ, Shanghai, Thomson
Locations:
Beijing, China, U.S, UOB China, Liaoning, Chongqing, United States