China’s cen­tral bank pumps more money into mar­ket

Fiji Sun - - World News -

Beijing: China’s cen­tral bank on Mon­day pumped more money into the mar­ket to ease a liq­uid­ity strain. The Peo­ple’s Bank of China (PBOC) con­ducted 180 bil­lion yuan (FJ$57.44bn) of seven-day re­verse re­pur­chase agree­ments (repo), a process in which cen­tral banks pur­chase se­cu­ri­ties from banks with an agree­ment to re­sell them in the fu­ture. The re­verse repo was priced to yield 2.25 per cent, un­changed from Fri­day’s in­jec­tion of 240 bil­lion yuan (FJ$76.59bn), ac­cord­ing to a PBOC state­ment. Xin­hua

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