LINE

Text:AAAPrint
Economy

PBOC pumps more money into market

1
2016-05-11 15:28Xinhua Editor: Gu Liping

China's central bank on Wednesday pumped more money into the market to ease a liquidity strain.

The People's Bank of China (PBOC) conducted 80 billion yuan (12.3 billion U.S. dollars) in 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 percent, unchanged from Tuesday's injection of 70 billion yuan, according to a PBOC statement.

The move followed a net injection of 20 billion yuan into the financial system on Monday.

In Wednesday's interbank market, the benchmark overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which Chinese banks lend to one another, stayed flat at 1.999 percent.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.