PBOC injects liquidity into market
Contributed by NAMPA / Xinhua.
BEIJING, June 13 (Xinhua) -- The People's Bank of China (PBOC), China's central bank, on Thursday pumped 100 billion yuan (about 14.51 billion U.S. dollars) into the financial system through open market operations.
To maintain stable liquidity in the middle of the year, the central bank conducted the operations with 28-day reverse repos at an interest rate of 2.85 percent.
Net liquidity injection was 90 billion yuan on Thursday, as previous reverse repos worth 10 billion yuan matured.
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