China's central bank resumes cash injection into money market
Posted by on Fri, Jun 09 2017 09:10 am
Xinhua, Beijing :
China's central bank injected 60 billion yuan (8.84 billion U.S. dollars) into the financial system via open market operations Thursday to maintain stable liquidity.
The People's Bank of China (PBOC) pumped a net 150 billion yuan in cash into the market through reverse repos, offset by 90 billion yuan in maturing reverse repos.
The operations included 30 billion yuan of seven-day reverse repos to yield 2.45 percent, and 50 billion yuan of 14-day reverse repos to yield 2.6 percent, and 70 billion yuan of 28-day contracts to yield 2.75 percent, according to a central bank statement.
The central bank Tuesday pumped 498 billion yuan into the financial system via its medium-term lending facility in an attempt to ease a seasonal liquidity strain.
news:new nation/9-jun-2017China's central bank injected 60 billion yuan (8.84 billion U.S. dollars) into the financial system via open market operations Thursday to maintain stable liquidity.
The People's Bank of China (PBOC) pumped a net 150 billion yuan in cash into the market through reverse repos, offset by 90 billion yuan in maturing reverse repos.
The operations included 30 billion yuan of seven-day reverse repos to yield 2.45 percent, and 50 billion yuan of 14-day reverse repos to yield 2.6 percent, and 70 billion yuan of 28-day contracts to yield 2.75 percent, according to a central bank statement.
The central bank Tuesday pumped 498 billion yuan into the financial system via its medium-term lending facility in an attempt to ease a seasonal liquidity strain.
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