China’s central bank set to boost liquidity but keep policy rate steady

China's central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, after a string of data showed some signs of economic stabilisation. China has already lowered the medium-term policy rate twice since June to stimulate credit demand and support a faltering economic recovery. All 33 market watchers polled this week predicted that the People's Bank of China (PBOC) would leave the interest rate on its one-year medium-term lending facility (MLF) loans unchanged when it is due to roll over 400 billion yuan ($54.98 billion) worth of these maturing loans this month.