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.
