China's central bank boosted liquidity injections but surprised markets by leaving the interest rate unchanged when rolling over maturing medium-term policy loans on Monday. The People's Bank of China (PBOC) said it was keeping the rate on 995 billion yuan ($138.84 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50 per cent from the previous operation. In a Reuters poll of 35 market participants conducted last week, 19 or 54.3 per cent had expected the central bank to cut the MLF rate to help shore up the weak economy. And a vast majority of the ... (full story)