China central bank seen keeping medium-term policy rate unchanged on Monday

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SHANGHAI/SINGAPORE - China's central bank is expected to keep borrowing costs unchanged but ramp up liquidity support when it rolls over 500 billion yuan worth of medium-term policy loans on Monday, a Reuters survey of market watchers showed.

Most traders and analysts expect the PBOC to inject fresh funds to ease funding conditions as heavy bond issuances and tax collections by the government in October will likely cause liquidity concerns. All 28 market watchers surveyed this week predicted that the PBOC would keep the interest rate on one-year medium-term lending facility loans unchanged at 2.5% for the monthly rollover on Monday.

Towards the year-end, pressure is seem coming from funding conditions and supplies of government bonds, said analysts at TF Securities.

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