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

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

In a ballot of 29 market watchers performed this week, all respondents forecast no change to the MLF price.

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 by seven-day reverse repos whereas protecting borrowing value unchanged at 2.1%, based on a web-based assertion. ($1 = 6.7542 Chinese language yuan)

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