China’s Central Bank Rolls Over Policy Loan With Growth, Currency in Mind

(Bloomberg) — China’s central bank extended a key policy loan at the same borrowing cost, signaling an intention to aid a nascent economic recovery without adding pressure on the yuan.

The People’s Bank of China offered 125 billion yuan ($17.3 billion) via its medium-term lending facility Wednesday, matching the amount of such loans maturing this month. The central bank also kept the rate on the one-year policy tool steady at 2.5%, in line with estimates in a Bloomberg survey.