SHANGHAI, July 15 (Reuters) – China’s central financial institution rolled over maturing medium-term coverage loans whereas holding rate of interest unchanged for a sixth straight month on Friday, matching market expectations.

The Individuals’s Financial institution of China (PBOC) stated it was holding the speed on 100 billion yuan ($14.eight billion) price of one-year medium-term lending facility (MLF) loans CNMLF1YRRP=PBOC to some monetary establishments unchanged at 2.85% from the earlier operation.

In a ballot of 29 market watchers carried out this week, all respondents forecast no change to the MLF charge.

With the identical quantity of such MLF loans maturing on Friday, the operation resulted in a zero web money injection into the banking system.

The central financial institution additionally injected three billion yuan via seven-day reverse repos CN7DRRP=PBOC whereas holding borrowing price unchanged at 2.1%, in response to an internet assertion.

($1 = 6.7542 Chinese language yuan)

(Reporting by Winni Zhou and Brenda Goh; Modifying by Jacqueline Wong)

((winni.zhou@thomsonreuters.com; +86 21 2083 0100; Reuters Messaging: winni.zhou.thomsonreuters.com@reuters.web))

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