SHANGHAI, Nov 16 (Reuters) - China’s central bank on Monday injected 800 billion yuan ($121 billion) in medium-term loans into the banking system and kept borrowing costs unchanged for the seventh 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%.
The fresh fund injection exceeded 600 billion yuan of such loans expiring in November.
($1 = 6.6039 yuan)
Reporting by Winni Zhou and Andrew Galbraith; Editing by Tom Hogue
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