PBOC in­jects 80.5b yuan into mar­ket

China Daily (USA) - - BUSINESS -

China’s cen­tral bank in­jected 80.5 bil­lion yuan ($12.12 bil­lion) onMon­day to main­tain mar­ket liq­uid­ity. The Peo­ple’s Bank of China pumped 130 bil­lion yuan into the money mar­ket via seven-day re­verse re­pos, a process by which cen­tral banks pur­chase se­cu­ri­ties from banks with an agree­ment to sell them back in the fu­ture. The re­verse repo was priced to yield at 2.25 per­cent, ac­cord­ing to a PBOC state­ment.

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