China central bank injects $58 billion of loans but keeps rates steady
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SHANGHAI (Reuters) - China's central bank extended fresh short- and medium-term loans on Wednesday but kept the borrowing cost unchanged, as it seeks to maintain adequate liquidity in a slowing economy and ease a potential crunch ahead of the Lunar New Year. The People's Bank of China (PBOC) said on its website the interest rate on one-year MLF loans remained at 3.25%, unchanged from the previous operations. It injected 300 billion yuan (33.42 billion pounds) via the liquidity tool.Separately,..